American Airlines has posted its fourth quarter and full-year 2023 financial standings showcasing a strong revenue gain.
This article will cover the details surrounding American Airlines’ Q4 and full-year 2023 results.
American Airlines Q4 & FY 2023 Results
Starting things off, American Airlines has recorded a full-year revenue gain for 2023 of $52.8 billion. Alongside this the carrier also reported a GAAP net income for Q4 2023 of $19 million and $822 million for the full year. This equals $0.03 and $1.21 per diluted share respectively.
The carriers net income excluding net special items for Q4 2023 of $192 million or $0.29 per diluted share and for the full year, $1.9 billion or $2.65 per diluted share.
The carrier also reduced their total debt by $3.2 billion during 2023, which equals to more than 75% of its debt reduction goal of $15 billion by 2025. Their total debt reduction since mid-2021 now stands at $11.4 billion.
During 2023, the U.S. flag carrier operated nearly two million flights and held an average load factor of 83.5%.
Commenting on their strong performance, American Airlines’ Chief Executive Officer, Robert Isom, has said, “The American Airlines team produced an exceptionally strong performance in 2023. We are delivering on our commitments and remain well-positioned for the future, supported by the strength of our network and travel rewards program, our young and simplified fleet, our operational reliability, and our outstanding team.”
“As we look forward, we remain focused on delivering a reliable operation for our customers and reengineering the business to build an even more efficient airline.”
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