Record Third Quarter Revenue
American Airlines reported a record third quarter revenue of $13.7 billion, which was about 1% ahead of the midpoint of initial guidance.
Corporate Revenue Growth
Corporate revenue grew by 14% year-over-year in the third quarter, indicating successful sales and distribution efforts.
Expansion in Premium Offerings
American Airlines is investing in expanding premium offerings, including a 25% increase in lie-flat seats on 777-200 aircraft and a 50% increase in first-class seating on A319s.
Partnership with Citi
The partnership with Citi is expected to grow remuneration to approximately $10 billion per year by the end of the decade, with an incremental annual benefit to operating income projected to be approximately $1.5 billion compared to 2024.
Debt Reduction Progress
Total debt at the end of the third quarter was $36.8 billion, down by $1.2 billion from the second quarter.