Recap: American Airlines Group Q1 Earnings

Shares of American Airlines Group AAL rose 0.7% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 63.02% over the past year to ($4.32), which missed the estimate of ($4.30).

Revenue of $4,008,000,000 decreased by 52.93% year over year, which missed the estimate of $4,040,000,000.

Outlook

American Airlines said it sees Q2 sales down 40% verus 2019.

Conference Call Details

Date: Apr 22, 2021

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/uvz5ufny

Price Action

52-week high: $26.09

Company's 52-week low was at $8.25

Price action over last quarter: Up 23.24%

Company Overview

American Airlines is the world's largest airline by scheduled revenue passenger miles. The firm's major hubs are Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. After completing a major fleet renewal, the company has the youngest fleet of U.S. legacy carriers.