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American Airlines Group Inc. (AAL) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

American Airlines Group Inc.

CIK: 6201 Ticker: AAL
Exhibit 99.1

 aaglogoa07.jpg 
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Corporate Communications
 
817-967-1577
 
 
mediarelations@aa.com
FOR RELEASE: Thursday, January 24, 2019
AMERICAN AIRLINES GROUP REPORTS
FOURTH-QUARTER AND FULL-YEAR 2018 PROFIT
FORT WORTH, Texas – American Airlines Group Inc. (NASDAQ: AAL) today reported its fourth-quarter and full-year 2018 results, including these highlights:
Reported a fourth-quarter 2018 pre-tax profit of $387 million, or $634 million excluding net special items1, and a fourth-quarter net profit of $319 million, or $481 million excluding net special items1,3 
Reported a full-year 2018 pre-tax profit of $1.9 billion, or $2.8 billion excluding net special items2, and a full-year net profit of $1.4 billion, or $2.1 billion excluding net special items2,3 
Fourth-quarter earnings were $0.69 per diluted share, or $1.04 per diluted share excluding net special items. Full-year 2018 earnings were $3.03 per diluted share, or $4.55 per diluted share excluding net special items
Accrued $175 million for the company’s profit sharing program in 2018, including $40 million in the fourth quarter
Returned $986 million to shareholders in the form of dividends and share repurchases in 2018

“We thank our team for taking care of our customers during the busy holiday travel period. Their efforts led to significant improvements in key operational metrics and great customer service. We also completed a number of important merger integration projects that will serve us well in the future," Chairman and CEO Doug Parker said.

“We enter 2019 with great momentum. We are intent upon running the most reliable operation in our post-merger history, pursuing high margin growth opportunities at our most profitable hubs, and executing on a number of valuable revenue and cost saving initiatives. We expect our total revenue per available seat mile to grow faster than our network competitors, and to deliver strong pre-tax earnings growth in 2019. At the midpoint of our guidance, 2019 diluted earnings per share excluding special items would increase approximately 40 percent versus 2018.”



The following information was filed by American Airlines Group Inc. (AAL) on Thursday, January 24, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows (Parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Stockholders' Equity (Parenthetical)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Tables)
Accumulated Other Comprehensive Loss - Components Of Accumulated Other Comprehensive Loss (Aoci) (Details)
Accumulated Other Comprehensive Loss - Reclassifications Out Of Aoci (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies
Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)
Basis Of Presentation And Summary Of Significant Accounting Policies (Tables)
Basis Of Presentation And Summary Of Significant Accounting Policies - Additional Information (Detail)
Basis Of Presentation And Summary Of Significant Accounting Policies - Changes In Loyalty Program Liability (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies - Finite-Lived Intangible Assets (Detail)
Basis Of Presentation And Summary Of Significant Accounting Policies - Finite-Lived Intangible Assets Amortization Expense (Detail)
Basis Of Presentation And Summary Of Significant Accounting Policies - Operating Property And Equipment (Detail)
Basis Of Presentation And Summary Of Significant Accounting Policies - Passenger Revenue By Geographic Region (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies - Recent Accounting Pronouncements (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies - Regional Expenses (Detail)
Basis Of Presentation And Summary Of Significant Accounting Policies - Significant Categories Of Reported Operating Revenues (Details)
Basis Of Presentation And Summary Of Significant Accounting Policies - Significant Contract Liabilities (Details)
Commitments, Contingencies And Guarantees
Commitments, Contingencies And Guarantees (Tables)
Commitments, Contingencies And Guarantees - Additional Information (Details)
Commitments, Contingencies And Guarantees - Aircraft, Engine And Other Purchase Commitments (Details)
Commitments, Contingencies And Guarantees - Capacity Purchase Agreements (Details)
Debt
Debt (Tables)
Debt - 2012-2C(R) Eetcs (Details)
Debt - 2012-2C(R) Eetcs - Certain Information (Details)
Debt - 2013, 2014 And 2016 Credit Facilities (Details)
Debt - 2017-2 Eetcs (Details)
Debt - 2017-2 Eetcs - Certain Information (Details)
Debt - Collateral-Related Covenants (Details)
Debt - Components Of Long-Term Debt (Details)
Debt - Equipment Loans And Other Notes Payable Issued In 2018 (Details)
Debt - Guarantees (Details)
Debt - Schedule Of Maturities Of Long-Term Debt And Capital Leases (Details)
Debt - Senior Notes (Details)
Debt - Summary Of Availability Under Revolving Credit Facilities (Details)
Earnings Per Common Share
Earnings Per Common Share (Details)
Earnings Per Common Share (Tables)
Employee Benefit Plans
Employee Benefit Plans (Tables)
Employee Benefit Plans - Additional Information (Details)
Employee Benefit Plans - Changes In Fair Value Measurements Of Level 3 Investments (Details)
Employee Benefit Plans - Components Of Net Periodic Benefit Cost (Income) (Details)
Employee Benefit Plans - Defined Contribution Plans (Details)
Employee Benefit Plans - Fair Values Of Retiree Medical And Other Postretirement Benefit Plans Assets By Asset Category (Details)
Employee Benefit Plans - Schedule Of Accumulated Benefit Obligations Exceeding Fair Value Of Plan Assets (Details)
Employee Benefit Plans - Schedule Of Allocation Of Plan Assets (Details)
Employee Benefit Plans - Schedule Of Amounts Recognized In Consolidated Balance Sheets (Details)
Employee Benefit Plans - Schedule Of Amounts Recognized In Other Comprehensive Income (Details)
Employee Benefit Plans - Schedule Of Assumption Used To Determine Benefit Obligations (Details)
Employee Benefit Plans - Schedule Of Changes In Fair Value Of Plan Assets (Details)
Employee Benefit Plans - Schedule Of Changes In Projected Benefit Obligations (Details)
Employee Benefit Plans - Schedule Of Expected Future Service Benefit Payments (Details)
Employee Benefit Plans - Schedule Of Fair Value Of Pension Plan Assets By Asset Category (Details)
Employee Benefit Plans - Schedule Of Fair Value Of Pension Plan Assets By Asset Category - Additional Information (Details)
Employee Benefit Plans - Schedule Of One Percentage Point Change In Assumed Health Care Cost Trend Rates (Details)
Employee Benefit Plans Employee Benefit Plans - Profit Sharing Program (Details)
Fair Value Measurements And Other Investments
Fair Value Measurements And Other Investments (Tables)
Fair Value Measurements And Other Investments - Schedule Of Carrying Value And Estimated Fair Value Of Long-Term Debt, Including Current Maturities (Details)
Fair Value Measurements And Other Investments - Summary Of Assets Measured At Fair Value On Recurring Basis (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Disclosures (Details)
Income Taxes - Components Of Income Tax Provision (Benefit) (Details)
Income Taxes - Deferred Tax Assets And Liabilities (Details)
Income Taxes - Reconciliation Of Income Tax Provision (Details)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Components Of Lease Expense (Details)
Leases - Future Minimum Lease Payments (Details)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Supplemental Balance Sheet Information (Details)
Leases - Supplemental Cash Flow And Other Information (Details)
Operating Segments And Related Disclosures
Operating Segments And Related Disclosures - Additional Information (Details)
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited) (Tables)
Quarterly Financial Data - Additional Information (Details)
Quarterly Financial Data - Summarized Financial Data (Details)
Risk Management
Risk Management - Additional Information (Details)
Share Based Compensation - Additional Information (Details)
Share Based Compensation - Restricted Stock Unit Awards (Details)
Share Repurchase Programs And Dividends
Share Repurchase Programs And Dividends - Dividends (Details)
Share Repurchase Programs And Dividends - Share Repurchase Programs (Details)
Share-Based Compensation
Share-Based Compensation (Tables)
Special Items, Net
Special Items, Net (Details)
Special Items, Net (Tables)
Subsequent Event
Subsequent Event - Additional Information (Details)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (Tables)
Supplemental Cash Flow Information - Cash Flow Information And Non-Cash Investing And Financing Activities (Details)
Transactions With Related Parties
Transactions With Related Parties (Details)
Transactions With Related Parties (Tables)
Transactions With Related Parties - Additional Information (Details)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (Tables)
Valuation And Qualifying Accounts - Components Of Valuation And Qualifying Accounts (Details)
Ticker: AAL
CIK: 6201
Form Type: 10-K Annual Report
Accession Number: 0000006201-19-000009
Submitted to the SEC: Mon Feb 25 2019 7:31:34 AM EST
Accepted by the SEC: Mon Feb 25 2019
Period: Monday, December 31, 2018
Industry: Air Transportation Scheduled

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