top of page

The content on Breitflyte Airline News Network will always be free and won’t require a subscription.  Breitflyte.com is a participant in several affiliate advertising programs designed to provide a means for us to earn fees by linking to affiliated sites.  We may earn a commission if you click on or make a purchase through one of our links.  Thank you for supporting our affiliate advertisers. 

Joe Breitfeller
Jul 20, 20232 min read

American Airlines Reports Second Quarter 2023 Net Income of $1.3 Billion or $1.88 per Diluted Share

American Airlines has reported a second quarter net profit of $1.3 billion or $1.88 per diluted share on a year-over-year increase in revenue of 4.7 percent to $14.1 billion. At June 30, 2023, the carrier had total available liquidity of $14.9 billion.


American Airlines Reports Second Quarter 2023 Fiancial Results - Courtesy American Airlines

On Thursday (July 20, 2023), American Airlines reported their second quarter financial results for the period ending June 30, 2023. The carrier reported a second quarter net income of $1.3 billion or $1.88 per diluted share on a year-over-year increase in revenue of 4.7 percent to a record $14.1 billion. At June 30, 2023, American Airlines had total available liquidity of $14.9 billion. The company’s credit rating has been upgraded two notches by Fitch to B+, and American has raised their full-year adjusted EPS guidance to between $3.00 and $3.75 per diluted share.

In Thursday’s announcement, American Airlines’ CEO, Robert Isom, said,


“It was another fantastic quarter for American, driven by the hard work of our team to deliver a reliable operation for our customers and the continued strong demand for our product. Our operation is performing at historically strong levels, and we have worked to refresh our fleet and build a comprehensive global network, all of which helped to produce record revenues in the second quarter. We will build on this momentum the rest of the year and continue to prioritize reliability, profitability, accountability and strengthening our balance sheet.”


American Airlines Second Quarter 2023 Financial Highlights - Courtesy American Airlines


For the second quarter, American’s total revenue per available seat mile (TRASM) declined versus the same period last year by 0.5 percent to 20.18 cents, while cost per available seat mile (CASM) declined year-over-year by 8.9 percent to 17.07 cents. Costs excluding fuel and net special items (CASM-ex) increased 3.7 percent compared to Q2 2022 to 13.16 cents.


American Airlines’ purpose is to “care for people on life’s journey.” 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

bottom of page