DENVER, Colo., Apr 25, 2024 (247marketnews.com)- American Airlines Group's (NASDAQ:AAL) first-quarter 2024 financial results report included record first-quarter revenue of approximately $12.6 billion, operating cash flow of $2.2 billion, free cash flow2 of $1.4 billion, and best-ever first-quarter completion factor.

Reduced total debt by nearly $950 million in the first quarter. The company is now more than 80% of the way to its 2025 total debt reduction goal

American reported a first-quarter net loss of $312 million, or ($0.48) per diluted share, but it reduced its total debt by nearly $950 million in the first quarter and is now more than 80% of the way to its 2025 total debt reduction goal

"The American Airlines team continues to build a reliable, efficient and resilient airline," stated Robert Isom, American's CEO. "While we aren't satisfied with our first-quarter financial results, we have a strong foundation in place, and we remain on track to deliver on our full-year financial targets. Our team is running a fantastic operation, driving revenue through our commercial initiatives, efficiently managing costs, and producing free cash flow to further strengthen our balance sheet."

The post American Airlines Reports Record Q1 Revenue appeared first on 24/7 MarketNews.

COMTEX_451396706/2900/2024-04-25T08:37:26