American Airlines Group


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SKU: AAL Category:


American Airlines continues to be on the path to recovery despite facing its fair share of challenges related to the rising fuel costs and geopolitical factors. The world’s largest airline generated $8.9 billion in revenue in the first quarter of 2022, with $7.8 billion in passenger revenue leading the industry. Domestic leisure travel remained the most popular, with traffic and revenue far exceeding the previous year in March. Furthermore, corporate and government travel revenue increased 27 percentage points from January to March, indicating a robust quarter-over-quarter improvement. They also received nine Airbus 321neos in Q1 and reactivated seven previously-stored Boeing 737-800s. The company also parked three 50-seat Embraer 145s and inducted eight dual-class regional aircraft. Additionally, in 2021, American Airlines had its best operating performance in the company’s history. Despite two difficult winter storms in Dallas/Fort Worth, the team put in a strong first-quarter performance, leading the industry in on-time departures and coming in second in on-time arrivals. Overall, we remain optimistic that the company is well-positioned to gain momentum in the future. We initiate our coverage on American Airlines with a ‘Hold’ rating.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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