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
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion