American Airlines (AAL) Sees Q2 Total Revenue 11% to 13%
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American Airlines (NASDAQ: AAL) disclosed:
On June 3, 2022, American Airlines Group Inc. (the “Company”) is presenting information relating to its financial and operational outlook at the Bernstein Strategic Decisions Conference. As previously announced, this presentation will be webcast, with the link available at the Company’s website at www.aa.com under “Investor Relations.”
Additionally, the Company is providing investors an update regarding its financial and operational guidance for the second quarter of 2022. The Company expects an increase in second quarter revenue versus prior guidance, driven by continued strength in the demand and pricing environment. Based on its current forecast, the Company now expects its second quarter capacity (versus the second quarter of 2019) to come in at the low end of the Company’s prior guidance range.
Continued increases in the price of jet fuel are expected to result in higher second quarter fuel costs versus prior guidance, while CASM excluding fuel and net special items1 is up versus prior guidance due to slightly lower capacity and higher selling expenses. The aforementioned revenue strength is expected to more than offset these increased costs, resulting in an expected increase in pre-tax margin excluding net special items2 versus prior guidance.
| Estimated 2Q 2022 vs. 2Q 2019 | |||||||||||
| Updated | Prior | ||||||||||
| Available Seat Miles | (7%) to (8%) | (6%) to (8%) | |||||||||
| Total Revenue | 11% to 13% | 6% to 8% | |||||||||
| TRASM3 | 20% to 22% | 14% to 16% | |||||||||
| CASM Excluding Fuel and Net Special Items1 | 10% to 11% | 8% to 10% | |||||||||
| Average Fuel Price (incl. Taxes) ($/Gallon)4 | $3.92 to $3.97 | $3.59 to $3.64 | |||||||||
| Pre-tax Margin Excluding Net Special Items2 | 4% to 6% | 3% to 5% | |||||||||
The information in this Item 7.01 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section and shall not be deemed incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
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