American Airlines has reported a fourth quarter net profit of $590 million or $0.84 per diluted share on a 4.6 percent year-over-year increase in revenue to a record $13.7 billion. At December 31, 2024, the carrier had $10.3 billion in total available liquidity.
On Thursday (January 23, 2025), American Airlines reported their fourth quarter and full year financial results for the period ending December 31, 2024. The carrier reported a fourth quarter net profit of $590 million or $0.84 per diluted share on a year-over-year increase in revenue of 4.6 percent to $13.7 billion, a record Q4 result. American’s fourth quarter total revenue per available seat mile (TRASM) increased 2.0 percent compared to the same period last year to 19.10 cents, while cost per available seat mile (CASM) declined 1.5 percent to 17.52 cents. Costs excluding net special items and fuel (CASM-ex) increased 5.7 percent compared to Q4 2023 to 13.99 cents. American ended they year with $10.3 billion in total available liquidity, including cash, short-term investments, and undrawn revolving and other credit facilities.
In Thursday’s announcement, American Airlines’ CEO, Robert Isom, said,
“The American Airlines team achieved a number of important objectives in 2024. We continue to run a reliable operation, and we are reengineering the business to build an even more efficient airline. That, coupled with our commercial actions, resulted in strong financial performance in the fourth quarter. As we look ahead to this year, American remains well-positioned because of the strength of our network, loyalty and co-branded credit card programs, fleet and operational reliability, and the tremendous work of our team.”
For the full year 2024, American Airlines reported a net profit of $846 million or $1.24 per diluted share on a 2.7 percent year-over-year increase in revenue to a record $54.2 billion. The carrier’s FY2024 total revenue per available seat mile (TRASM) declined 2.6 percent compared to the previous year to 18.51 cents, while cost per available seat mile (CASM) decreased 1.7 percent to 17.61 cents. Costs excluding fuel and net special items (CASM-ex) increased 2.6 percent compared to FY2023 to 13.50 cents.
In December 2024, American and Citi announced a new 10-year agreement, with Citi becoming the exclusive issuer of AAdvantage® co-branded credit cards in the U.S. from 2026. In 2024, American Airlines received cash remuneration from co-branded credit cards and other partners of $6.1 billion, including a one-time cash payment related to the new Citi agreement, which will be amortized over the life of the agreement. During Q4 2024, American also completed their total debt reduction goal of $15.1 billion from peak levels in mid-2021, a full year ahead of schedule.
American Airlines’ purpose is To Care for People on Life’s Journey®. The carrier offers thousands of daily flights to over 350 destinations in more than 60 countries. American is also a founding member of the oneworld global alliance whose member airlines serve over 900 destinations worldwide. Shares in the American Airlines Group, Inc., trade on NASDAQ under the ticker symbol AAL and the company’s stock is included in the S&P 500.
Source: American Airlines