American Airlines Group, Inc. · NASDAQ:AAL
American Airlines — Q4 2022 Earnings Presentation
19 slides from American Airlines's earnings presentation, Jan 26, 2023
Slide 1: Fourth-Quarter and Full-Year 2022 Financial Results
American Airlines Group Inc. Fourth-Quarter and Full-Year 2022 Financial Results —
Slide 2: Forward-looking statements
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.
Slide 3: Introductory remarks and commercial update
Introductory remarks and commercial update
Slide 4: Fourth-quarter and full-year highlights
• • • • • 1/ See GAAP to non-GAAP reconciliation at the end of this presentation.
Slide 5: Revenue by region
• • 5 1/ Short-haul international consists of Mexico, Caribbean, Central America and Northern South America. 2/ Passenger revenue depicted.
Slide 6: Loyalty program remains strong
Loyalty program remains strong * 2022 was another record year for new members joining American’s AAdvantage loyalty and travel rewards program, with enrollments up 59% vs. 2019 New loyalty member accounts +59% vs. 2019 2019 2020 2021 2022
Slide 7: Financial update
Financial update
Slide 8: Fourth-quarter financial results
Note: May not recalculate due to rounding. 8 1/ See GAAP to non-GAAP reconciliation at the end of this presentation.
Slide 9: Full-year financial results
Note: May not recalculate due to rounding. 9 1/ See GAAP to non-GAAP reconciliation at the end of this presentation.
Slide 10: Liquidity and debt reduction
• • • • • • • 1/ Excludes the prepayment of the $1.2 billion term loan in the fourth quarter. 2/ Total debt includes debt, finance leases, operating lease liability and pension obligations.
Slide 11: Debt maturities and cash flow
• • Note: May not recalculate due to rounding. 1/ Total debt includes debt, finance leases, operating lease liability and pension obligations. 11 2/ Source: Company filings, as of December 31, 2022. Total debt amounts show both amortization and final maturity payments. 3/ Source: Company filings, 20
Slide 12: Fleet outlook
Fleet outlook! * Plan to take delivery of two A321neos, seventeen 737 MAX 8s and four 787-8s in 2023 * Intend to reactivate nine 737-800s from long-term storage Active mainline fleet count Active regional fleet count Aircraft type 2019A | 2022A | 2023E Aircraft type 2019A | 2022A | 2023E A319/320/32
Slide 13: First-quarter and full-year outlook 2023
First-quarter and full-year outlook 19 2023 FY 2023 Total capacity (ASMs) (vs. 2022) ~+8% to +10% ~+5% to +8% TRASM (vs. 2022) ~+24% to +27% ~Up low single digits CASM excluding fuel and net special items’? (vs. 2022) ~-3% to Flat ~+2% to +5% Fuel ($/gallon)3 ~$3.33 to $3.38 ~$3.00 to $3.10 Adjusted
Slide 14: Thank you, AAteam!
Thank you, AAleam!
Slide 15: Reconciliation of GAAP to Non-GAAP Financial Information
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 with GAAP to understand and evalu
Slide 16: Reconciliation of Operating Income Excluding Net Special Items
3 Months Ended Percent 12 Months Ended Percent December 31, Increase December 31, Increase Reconciliation of Operating Income (Loss) Excluding Net Special Items 2022 2021 (Decrease) 2022 2021 (Decrease) (in millions) (in millions) Operating income (loss) as reported $ 1,383 $ (780) $ 1,607 $ (1,059)
Slide 17: Reconciliation of Net Income Excluding Net Special Items
3 Months Ended Percent 12 Months Ended Percent December 31, Increase December 31, Increase Reconciliation of Net Income (Loss) Excluding Net Special Items 2022 2021 (Decrease) 2022 2021 (Decrease) (in millions, except share and per share amounts) (in millions, except share and per share amounts) Net
Slide 18: Footnotes
FOOTNOTES: (1) The 2022 twelve month period mainline operating special items, net principally included a non-cash impairment charge to write down the carrying value of the Company's retired Airbus A330 fleet to the estimated fair value due to the market conditions for certain used aircraft. The Comp
Slide 19: American Airlines
American®, Airlines
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