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
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and