American Airlines Group, Inc. · NASDAQ:AAL
American Airlines — Q1 2021 Earnings Presentation
22 slides from American Airlines's earnings presentation, Apr 22, 2021
Slide 1: = N800AN
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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, the Exchange Act and the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “wi
Slide 3: Introductory Remarks - Doug Parker
. sont x AmericanAirlines « Introductory Remarks Doug Parker Chairman and Chief Executive Officer
Slide 4: • • • • • • 1/ Please refer to the Company's GAAP to
• • • • • • 1/ Please refer to the Company's GAAP to non-GAAP reconciliation in the appendix
Slide 5: Strategic priorities
5 Double Down on Operational Excellence Reconnect with Our Customers Build on Team Momentum Passionately Pursue Efficiencies
Slide 6: Thanks to an Amazing Team
Thanks to an Amazing Team
Slide 7: Commercial Update - Robert Isom
. sont x AmericanAirlines « Commercial Update Robert Isom President
Slide 8: Recovery Timeline
Recovery Timeline * Continue to expect non-linear recovery with a quickening pace as we see widespread vaccinations and government restrictions ease. * Line of sight on corporate travel returning beginning in the summer. Revenue Long-Haul International Demesticbuciness ° Travel unlocks with wider A
Slide 9: • Source: Internal data as of 4/20/2021
• 9 Source: Internal data as of 4/20/2021
Slide 10: 1/ Source- Company reports •
10 1/ Source- Company reports •
Slide 11: • • • 1/ Subject to ongoing investigation by the US Department of Justice
• • • 1/ Subject to ongoing investigation by the US Department of Justice and the New York Attorney General, the Massachusetts Attorney General, and the Attorney Generals of certain other state and local jurisdictions 11
Slide 12: Reconnecting with Customers
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Slide 13: Financial Update - Derek Kerr
. sont x AmericanAirlines « Financial Update Derek Kerr Chief Financial Officer
Slide 14: Note: May not calculate due to rounding.
14 Note: May not calculate due to rounding.
Slide 15: Passionately Pursuing Efficiencies
Passionately Pursuing Efficiencies $1.3 billion of permanent cost reductions in 2021 * $500 million in management reductions. * $600 million in labor productivity enhancements. * $200 million in other identified permanent cost reductions. Other efficiencies enabled by technology * ConnectMe * Virtua
Slide 16: Passionately Pursuing Efficiencies
Passionately Pursuing Efficiencies + Retirement of more than 150 aircraft and * Deferred 18 737 MAX deliveries from 2021- accelerated fleet simplification strategy and 2022 to 2023-2024. removed five different fleet types. * Converted 5 787-8 from 2021 to 5 787-9 in * Accelerated cabin standardizati
Slide 17: Total available liquidity
$6.8 $10.2 $13.6 $14.3 $17.3 ~$19.5B 17 • • 1/ Total available liquidity is defined as unrestricted cash and marketable securities plus available undrawn revolver capacity and other undrawn facilities.
Slide 18: 2Q21 outlook
18 2Q21 vs 2Q19 Total Capacity ~ - 20% to -25% Total Revenue ~ - 40% CASM excluding fuel and special items1 ~ +13% to +17% 2Q21 2Q21 Comments Fuel $1.84 to $1.89 / gal Based on April 21, 2021 forward curve and planned consumption of ~873 million gallons Pretax margin excluding net special items1 ~ -
Slide 19: Slide 19
Slide 20: Reconciliation of Pre-Tax Loss Excluding Net Special Items
20 Reconciliation of Pre-Tax Loss Excluding Net Special Items 2021 2020 Pre-tax loss as reported (1,573)$ (2,890)$ Pre-tax net special items: Mainline operating special items, net (1) (1,708) 1,132 Regional operating special items, net (2) (215) 93 Nonoperating special items, net (3) (23) 217 Total
Slide 21: Average Daily Cash Burn
21 Average Daily Cash Burn 3 Months Ended March 31, 2021 3 Months Ended December 31, 2020 3 Months Ended September 30, 2020 3 Months Ended June 30, 2020 Net cash provided by (used in) operating activities 174$ (2,800)$ (2,612)$ (963)$ Net cash provided by (used in) investing activities (7,152) 1,696
Slide 22: American Airlines
American®. Airlines
American Airlines Group — Q1 2021 Earnings Presentation on 6ix