American Airlines Group Inc. (NASDAQ: AAL) has announced its fourth-quarter and full-year 2024 financial results, showcasing a year of significant achievements.
Th carrier has reported a record fourth-quarter revenue of $13.7 billion and a record full-year revenue of $54.2 billion for 2024.
The airline not only achieved record revenue levels, but notably demonstrated strong operational performance and significant reduction in its debt. The full financial statement is available here.
2024 Key Highlights

Record Revenue: American Airlines generated record revenue of $13.7 billion in the fourth quarter and $54.2 billion for the entire year.
This impressive performance was driven by a combination of factors, including strategic capacity adjustments and sustained strong demand for air travel.
Profitability: The airline reported GAAP net income of $590 million in the fourth quarter and $846 million for the full year, translating to earnings per diluted share of $0.84 and $1.24, respectively.
Strong Cash Flow: American Airlines generated $4 billion in operating cash flow throughout the year, culminating in a record $2.2 billion in free cash flow.
Debt Reduction: The company successfully reduced its total debt by $15 billion from peak levels, achieving this goal a full year ahead of schedule.

American Airlines CEO Robert Isom expressed his satisfaction with the airline’s full-year performance. “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.”
He further emphasized the positive impact of these efforts on the airline’s strong financial performance in the fourth quarter.
Revenue Performance
American Airlines’ revenue performance was particularly noteworthy. Total unit revenue, a key industry metric, showed positive growth in the fourth quarter. This increased by 2.0% compared to the same period in 2023.
Notably, American Airlines led U.S. network carriers in year-over-year domestic, Atlantic, Pacific, and total passenger unit revenue during the fourth quarter.
Operational Performance
Despite facing challenges such as extreme weather and other operational disruptions, American Airlines maintained strong operational performance throughout the year.
In the fourth quarter, the airline ranked second among the four largest U.S. carriers in both completion factor and on-time departures.
Furthermore, American achieved its second-best completion factor since the merger with US Airways, a significant milestone considering the airline handled its largest passenger volume ever.
These achievements underscore the airline’s commitment to operational resilience and its ability to effectively recover from disruptions.

Looking Ahead
Based on present demand trends, the current fuel price forecast and excluding the impact of special items, American expects its first-quarter 2025 adjusted loss per diluted share to be between ($0.20) to ($0.40).
The airline expects its full-year 2025 adjusted earnings per diluted share to be between $1.70 to $2.70.
American Airlines enters 2025 well-positioned for continued success. The airline’s robust network, strong loyalty programs, and a modern fleet provide a solid foundation for future growth.
Moreover, the company’s ongoing investments in operational efficiency and technology will further enhance its reliability and customer experience.