American Airlines Group Inc achieved record quarterly revenue with a year-over-year increase of more than 16%, driven by strength across all geographic segments and premium services. Fuel expenses rose by over $2.2 billion, or 83%, year-over-year, contributing to a full-year adjusted earnings breakeven outlook at the midpoint of guidance. The company ended the second quarter with over $11 billion in available liquidity, while domestic unit revenue climbed nearly 11%, Atlantic unit revenue rose approximately 9%, Pacific unit revenue increased 15%, and Latin America unit revenue was up approximately 7%. Premium unit revenue grew more than 13% year-over-year, and managed corporate revenue surged 26%, with the AAdvantage loyalty program seeing enrollments jump more than 30%. For the third quarter, American Airlines expects revenue growth of 16% to 19%, capacity up 3% to 5%, and CASM-ex up 2.5% to 4.5%, with fuel priced around $3.75 per gallon.
American Airlines GroupRecord quarterly revenue with 16% growth driven by strength across all segments and premium services.