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American Airlines to detail strategy for long-term growth and value creation at 2024 Investor Day
American will highlight how it’s delivering on its commitments and outline the company’s plan to grow margins and generate sustainable free cash flow FORT
About this update from American Airlines Group, Inc.
[{"type":"text","content":"American will highlight how it’s delivering on its commitments and outline the company’s plan to grow margins and generate sustainable free cash flow\nFORT WORTH, Texas, March 04, 2024 (GLOBE NEWSWIRE) -- American Airlines Group Inc. (NASDAQ: AAL) will host its 2024 Investor Day at 1 p.m. ET today in New York. American’s CEO Robert Isom and other senior leaders will provide an update on the airline’s performance and its path forward for long-term value creation. “I’m incredibly proud of the work we have done over the past two years to build an American that is stronger, more focused and well-positioned to realize our full potential,” said American’s CEO Robert Isom. “Today, with our key initiatives in place, American is positioned to deliver a reliable operation for customers while generating durable earnings over the long term. We’re excited for the path ahead and confident in our ability to drive value for our shareholders through our commercial initiatives and continued execution.” At today’s event, American will provide insights into the financial targets it has set for 2024 through 2026 and beyond. 2024E 2025E 2026E+Adjusted EBITDAR margin1~ 14% ~ 14%–16% ~ 15%–18%Free cash flow2~ $2B > $2B > $3BTotal debt3~ $41B ~ $39B $35B Members of American’s senior leadership team will also discuss the drivers of the company’s value-creation opportunities, including: Operating a transformed fleet that is young, simplified and optimized for efficiency.Driving operational excellence through continued optimization and a tech-first mindset.Capitalizing on the competitive advantages of its network, which is uniquely positioned to adapt to changing consumer trends.Attracting and retaining customers with AAdvantage®, American’s industry-leading travel rewards program.Reengineering the business for efficient growth with enhanced productivity.Generating durable financial results with expanded margins and free cash flow generation. Presentation and webcast informationIsom and other senior leaders will present today at 1 p.m. ET. A live webcast of the presentation will be available at aa.com/investorrelations. A copy of the presentation that will be shared at the event is also available on American’s Investor Relations website. Notes Adjusted EBITDAR is defined as earnings excluding the impact of net special items before net interest and other no...