American Airlines Group, Inc. · NASDAQ:AAL
American Airlines — Q3 2024 Earnings Presentation
18 slides from American Airlines's earnings presentation, Oct 24, 2024
Slide 1: Third-Quarter 2024 Financial Results
October 24, 2024 THIRD- QUARTER 2024 FINANCIAL RESULTS American Airlines Group Inc. Exhibit 99.2
Slide 2: Forward-looking statements
Certain of the statements contained in this presentation should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward- looking sta
Slide 3: Third-quarter results
Third-quarter results • Record third-quarter revenue of $13.6 billion. • Third-quarter net loss per share of ($0.23). Excluding net special items1, third-quarter net earnings per diluted share of $0.30. • Led U.S. network carriers in third-quarter completion factor. • Reengineering the business init
Slide 4: Sales and distribution actions taken in the third quarter
Sales and distribution actions taken in the third quarter 4 Renegotiated corporate, TMC and agency contracts Relaunched the Corporate Forum and Corporate Experience benefits Launched AAdvantage Business in indirect channels Increased customer support and rebuilt customer relationships
Slide 5: Progress in regaining share
(10%) (7%) June 2024 Sept 2024 (11%) (10%) Q2 2024 Q3 2024 Progress in regaining share Indirect Channel Flown Revenue Performance1,2 Historical Share Indirect Channel Forward Bookings Performance1,2 Historical Share • Flown revenue share in indirect channels improved modestly in Q3, with indirect ch
Slide 6: American continues to operate reliably
American continues to operate reliably • American led U.S. network carriers in third-quarter completion factor, despite significant weather and operational challenges, including: Hurricane Debby, Hurricane Helene and the CrowdStrike outage. Third-Quarter Completion Factor (%) 6 98.3 97.9 97.4 . Sour
Slide 7: Financial update
Financial update
Slide 8: Third-quarter financial results
Third-quarter financial results Note: May not recalculate due to rounding. 1. See GAAP to non-GAAP reconciliation at the end of this presentation. Source: Airline financials. GAAP Non-GAAP1 (in millions, except share and per share amounts) Q3 2024 Q3 2023 Q3 2024 Q3 2023 Operating Income (Loss) $89
Slide 9: Moderate capex enables balance sheet strengthening
$3.8 ~ $1.7 < $3.0 ~ $3.0 - $3.5 2014 - 2019 Avg. 2024E 2025E 2026E - 2030E Avg. Moderate capex enables balance sheet strengthening Source: Airline financials for historical data. Total Aircraft Capex ($ in billions) • 2024 and 2025 capex expected to be lower than prior plans due to aircraft deliver
Slide 10: Continued progress toward deleveraging goals
$54 $41 $39 < $35 ~ ($13) Q2 2021 (peak levels) Total debt reduction Q3 2024 YE 2025E YE 2028E Continued progress toward deleveraging goals Note: Numbers may not recalculate due to rounding. 1. Total debt includes debt, finance and operating lease liabilities and pension obligations. Source: Airline
Slide 11: Fourth-quarter and full-year outlook
Fourth-quarter and full-year outlook 1. CASM-ex is cost per available seat mile (CASM) excluding fuel and net special items and is a non-GAAP measure. All adjusted operating margin and adjusted earnings per diluted share guidance excludes the impact of net special items and are non-GAAP measures. Th
Slide 12: Thank you, #AATeam!
Thank you, #AATeam!
Slide 13: GAAP to non-GAAP reconciliation
GAAP to non-GAAP reconciliation Reconciliation of GAAP Financial Information to Non-GAAP Financial Information American Airlines Group Inc. (the Company) sometimes uses financial measures that are derived from the condensed consolidated financial statements but that are not presented in accordance w
Slide 14: GAAP to non-GAAP reconciliation: Operating income
GAAP to non-GAAP reconciliation Reconciliation of Operating Income Excluding Net Special Items 3 Months Ended September 30, Percent Increase 9 Months Ended September 30, Percent Increase 2024 2023 (Decrease) 2024 2023 (Decrease) (in millions) (in millions) Operating income (loss) as reported $ 89 $
Slide 15: GAAP to non-GAAP reconciliation: Net income and EPS
GAAP to non-GAAP reconciliation 3 Months Ended September 30, Percent Increase 9 Months Ended September 30, Percent Increase Reconciliation of Net Income Excluding Net Special Items 2024 2023 (Decrease) 2024 2023 (Decrease) (in millions, except share and per share amounts) (in millions, except share
Slide 16: Free cash flow reconciliation
Free cash flow reconciliation The Company's free cash flow summary is presented in the table below, which is a non-GAAP measure that management believes is useful information to investors and others in evaluating the Company's ability to generate cash from its core operating performance that is avai
Slide 17: Adjusted EBITDAR margin reconciliation
Adjusted EBITDAR margin reconciliation The Company's adjusted EBITDAR and adjusted EBITDAR margin are presented below, which are non-GAAP measures that management uses to evaluate the Company's current operating performance. These non-GAAP measures may not be comparable to similarly titled non-GAAP
Slide 18: American Airlines
American ®&. Airlines
American Airlines Group — Q3 2024 Earnings Presentation on 6ix