American Airlines – Fourth-Quarter, Full-Year 2020 Financial Results

American Airlines – Fourth-Quarter, Full-Year 2020 Financial Results

FORT WORTH, TX (STL.News) American Airlines Group Inc. (NASDAQ: AAL) today reported its fourth-quarter and full-year 2020 financial results, including:

  • Fourth-quarter revenue of $4.0 billion, down 64% year over year on a 53% year-over-year reduction in total available seat miles (ASMs).
  • Fourth-quarter net loss of $2.2 billion, or ($3.81) per share. Excluding net special items1, fourth-quarter net loss was $2.2 billion, or ($3.86) per share.
  • Full-year net loss of $8.9 billion, or ($18.36) per share. Excluding net special items2, full-year net loss was $9.5 billion, or ($19.66) per share.
  • Ended fourth quarter with approximately $14.3 billion of total available liquidity. Company expects to end the first quarter of 2021 with approximately $15.0 billion in total available liquidity.
  • Incorporated more than $1.3 billion of permanent non-volume, non-fuel efficiency cost-saving measures into 2021 operating plan.

“Our fourth-quarter financial results close out the most challenging year in our company’s history,” said American Airlines Chairman and CEO Doug Parker.  “However, we couldn’t be prouder of the American Airlines team and the great things they accomplished last year.  Through collaboration, resourcefulness and hard work, our team did its part to keep the economy moving. 

Continue reading American Airlines – Fourth-Quarter, Full-Year 2020 Financial Results at STL.News.