(American Airlines) The shares of American Airlines rose more than 10% in premarket on Thursday after posting operating revenues of $8.899 billion, up from $4.008 billion in the prior year.
The airline said it booked industry-leading passenger revenues of $7.8 billion, while cargo revenues hit $364 million. American Airlines said it booked record sales in March, the first time the total revenue surpassed the 2019 levels.
The company reported an operating loss of $1.723 billion in the first quarter, up from a loss of $1.315 billion in the prior year. The net loss was $1.635 billion, widening from a loss of $1.250 billion in the prior year.
American Airlines said it was profitable in March, excluding net special items. It still expects to post a profitable second quarter due to the current demand trends and fuel price forecast.
American Airlines said it ended the first quarter with $15.5 billion of total available liquidity. The company reiterated its plan to pay around $15 billion of debt by the end of 2025.
AAL: NASDAQ is up +10.07%.
