American Airlines Group Inc. has announced its fourth-quarter and full-year 2024 financial results, showcasing record revenue and operational achievements.
American Airlines Financial Results
Airlines reported fourth-quarter revenue of $13.7 billion and full-year revenue of $54.2 billion for an all-time high. The airline earned $590 million in GAAP net income in the fourth quarter and $846 million for the full year, or $0.84 and $1.24 per diluted share, respectively. Excluding net special items, American earned $609 million in fourth-quarter net income and $1.4 billion for the full year, or $0.86 and $1.96 per diluted share, respectively.
The airline generated $4 billion in full-year operating cash flow and a record $2.2 billion in free cash flow. In addition, American met its total $15 billion debt reduction goal a full year earlier than expected, reaffirming the strong financial foundation.
CEO Statement
America’s CEO Robert Isom, shared:
“The American Airlines team achieved a number of important objectives in 2024.We continue to run a reliable operation and are reengineering the business to build a more efficient airline. With the strength of our network, loyalty and co-branded credit card programs, fleet, and operational reliability, we are well-positioned for 2025.”
American’s record-breaking fourth-quarter and full-year revenue were driven by strategic capacity adjustments and continued demand strength. Total unit revenue grew 2.0% year-over-year. The airline also led U.S. network carriers in passenger unit revenue across Domestic, Atlantic, and Pacific markets.
Citi Partnership Expansion
American Airlines and Citi announced a new 10-year co-branded credit card partnership in December. Citi will become the exclusive issuer of the AAdvantage® credit card portfolio in the U.S. starting in 2026. In 2024 financial results ,cash remuneration from co-branded credit cards and other partners reached $6.1 billion, reflecting a 17.0% increase from 2023. A one-time cash payment related to this agreement will be amortised over its duration, beginning in 2026.
Despite extreme weather and operational challenges, American Airlines delivered strong reliability metrics:
- Second-best completion factor since the American-US Airways merger
- Ranked second in completion factor and on-time departures among the four largest U.S. carriers
- Highest passenger volume in company history
- Ongoing investment in operational infrastructure and technology to enhance future performance
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