American Airlines up 11% in pre-market trade

SkyPixel

…Q1 22 results out today, it said:

– First-quarter revenue of $8.9 billion, representing a recovery to 84% of comparable period revenue in 2019.

– First-quarter net loss of $1.6 billion, or ($2.52) per share. Excluding net special items¹, first-quarter net loss of $1.5 billion, or ($2.32) per share.

– Company was profitable excluding net special items in March and expects to be profitable in the second quarter based on the current demand trends and fuel price forecast.

– Ended the first quarter with $15.5 billion of total available liquidity.

– Company continues to execute on its plan to pay down approximately $15 billion of debt by the end of 2025.

A DJTA index constituent, it added the group generated revenues “of $8.9 billion in the first quarter, including industry-leading passenger revenues of $7.8 billion, and cargo revenues of $364 million”.

To read the full release, please click here.

Stock up 5%-ish ahead of market close.