American Airlines' Revenues Return To Pre-Pandemic Levels

American Airlines rolled out the first quarter financial results for 2022 today, the airlines says that it is recovering fast towards pre pandemic performance and expects the same in the upcoming future. American Airlines says that the efforts of all the American Airlines employees and crew members made it possible and is looking forward to the same performance results in the second quarter as well.

In the first quarter of the financial year 2022, the airline has achieved 84% of the revenue generated in the same quarter of 2019. American Airlines is the founding member of oneworld. The airline is using the year 2019 for charting airline recoveries as it was the last year when things were normal before the pandemic.

American Airlines made $8.9 billion in the first quarter which represents the exact sum of 84%. The airline says that even after such a promising performance, it made a net loss of $1.6 billion in the first-quarter. However , if we exclude the special items, the net loss drops to $1.5 billion. American airlines says that the performance has been good and expects even better results in the next quarter.

The airline in a recent press release gave a statement, American Airlines said that it”was profitable excluding net special items in March.” Its prospects look even better going forward, as it “expects to be profitable in the second quarter based on the current demand trends and fuel price forecast.”

American Airlines’ Revenues Return To 84% Of Pre-Pandemic Levels

American Airlines had different aspects which helped it perform better and make 84% revenue of the pre pandemic levels. The airline made most of the revenue through the passengers which accounts for $7.8 billion which is 88% of the total revenue. The Airline made $364 million through cargo which accounts for 4% of the total revenue.

The Airline is looking forward to pay its $15 billion of debt by the year 2025 and ha already paid approximately 4$ billion already. The Airline managed to pay the $4 billion debt in the second quarter of the year 2021. Looking to the future, American CEO Robert Isom, who recently took over from Doug Parker, stated:

“The outstanding progress we’ve made is only possible because of the amazing efforts of the American Airlines team and we’re optimistic about the continued recovery in the second quarter and beyond. The demand environment is very strong, and as a result, we expect to be profitable in the second quarter based on our current fuel price assumptions.”

The American CEO Isom’s prediction may be true because the airline is already performing quite well and is making record revenues in the last few months. The second quarter is going to be the deciding factor for the airline and we hope that American Airline keeps performing the same way and recovers from the pandemic losses soon.

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