Categories AlphaGraphs, Earnings, Industrials
American Airlines Group Inc. (AAL) Q2 2020 earnings performance
American Airlines Group Inc. (NASDAQ: AAL) reported second quarter 2020 earnings results today.
Total operating revenues fell 86% to $1.62 billion. Passenger revenues were down almost 90% to $1.10 billion.
Net loss on a reported basis amounted to $2.1 billion, or $4.82 per share, compared to earnings of $662 million, or $1.49 per share, in the same period last year. On an adjusted basis, net loss was $3.4 billion, or $7.82 per share.
[irp posts=”66887″]
Passenger demand and load factors have improved since April, but continue to be significantly below 2019 levels. While May and June revenue trends were encouraging, demand weakened during July as COVID-19 cases increased and new travel restrictions were put into place. American currently expects its third quarter system capacity to be down approx. 60% year-over-year.
Past Performance
Click here to read the transcript of American Airlines Q2 2020 earnings conference call
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and
