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American Airlines Group Inc. (AAL) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

American Airlines Group Inc.

CIK: 6201 Ticker: AAL
Exhibit 99.1

 aaglogoa09.jpg 
g410912ex991pg01ba09.jpg
 
 
  
Corporate Communications
 
817-967-1577
 
 
mediarelations@aa.com
FOR RELEASE: Thursday, July 25, 2019
AMERICAN AIRLINES GROUP REPORTS
SECOND QUARTER 2019 PROFIT
FORT WORTH, Texas – American Airlines Group Inc. (NASDAQ: AAL) today reported its second quarter 2019 results, including these highlights:
Reported second quarter 2019 pre-tax income of $882 million and net income of $662 million. Excluding net special items, pre-tax income and net income rose more than 5% to $1.1 billion and $810 million,1 respectively.
Second quarter earnings were $1.49 per diluted share. Excluding net special items, earnings per share grew 10% year over year to $1.82 per diluted share1.
Reported record second quarter revenue of $12 billion. Also reported record second quarter total revenue per available seat mile (TRASM) the 11th consecutive quarter of TRASM growth.

“Our team members did a tremendous job to deliver solid results despite a challenging start to our summer,” said Chairman and CEO Doug Parker. “Their extraordinary efforts led to an increase in earnings and record revenue performance, and we thank our team for their expertise and care for our customers.”

“These strong results in the face of near-term adversity, coupled with our ongoing initiatives, give us great confidence in the future of American Airlines."
Second Quarter Revenue and Expenses
Pre-tax earnings excluding net special items for the second quarter of 2019 were $1.1 billion, a 5% increase from the second quarter of 2018. Excluding net special items, earnings were $1.82 per diluted share, up 10% year over year.
 
GAAP
 
Non-GAAP1
 
2Q19
 
2Q18
 
2Q19
 
2Q18
Operating income ($ mil)
1,153

 
1,004

 
1,274

 
1,186

 
 
 
 
 
 
 
 
Pre-tax income ($ mil)
882

 
756

 
1,072

 
1,018

Pre-tax margin
7.4
%
 
6.5
%
 
9.0
%
 
8.7
%
 
 
 
 
 
 
 
 
Net income ($ mil)
662

 
556

 
810

 
770

 
 
 
 
 
 
 
 
Earnings per diluted share
$
1.49

 
$
1.20

 
$
1.82

 
$
1.66





The following information was filed by American Airlines Group Inc. (AAL) on Thursday, July 25, 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-Q Quarterly 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-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Cash Flows (Parenthetical)
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Stockholders' Equity (Deficit)
Condensed Consolidated Statements Of Stockholders' Equity (Deficit) (Parenthetical)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Tables)
Accumulated Other Comprehensive Loss - Components Of Aoci (Details)
Accumulated Other Comprehensive Loss - Reclassifications Out Of Aoci (Details)
Basis Of Presentation And Recent Accounting Pronouncements
Basis Of Presentation And Recent Accounting Pronouncements (Details)
Basis Of Presentation And Recent Accounting Pronouncements (Policies)
Debt
Debt (Tables)
Debt - Components Of Long-Term Debt (Details)
Debt - Narrative (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 - Components Of Net Periodic Benefit Cost (Income) (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Schedule Of Carrying Value And Estimated Fair Value Of Long-Term Debt, Including Current Maturities (Details)
Fair Value Measurements - Summary Of Assets Measured At Fair Value On Recurring Basis (Details)
Income Taxes
Income Taxes (Details)
Legal Proceedings
Legal Proceedings (Details)
Regional Expenses
Regional Expenses (Details)
Regional Expenses (Tables)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Changes In Loyalty Program Liability (Details)
Revenue Recognition - Narrative (Details)
Revenue Recognition - Passenger Revenue By Geographic Region (Details)
Revenue Recognition - Significant Categories Of Reported Operating Revenues (Details)
Revenue Recognition - Significant Contract Liabilities (Details)
Share Repurchase Programs And Dividends
Share Repurchase Programs And Dividends - Dividends (Details)
Share Repurchase Programs And Dividends - Share Repurchase Programs (Details)
Special Items, Net
Special Items, Net (Details)
Special Items, Net (Tables)
Subsequent Events
Subsequent Events (Details)
Transactions With Related Parties
Transactions With Related Parties (Details)
Transactions With Related Parties (Tables)
Ticker: AAL
CIK: 6201
Form Type: 10-Q Quarterly Report
Accession Number: 0000006201-19-000053
Submitted to the SEC: Thu Jul 25 2019 7:36:28 AM EST
Accepted by the SEC: Thu Jul 25 2019
Period: Sunday, June 30, 2019
Industry: Air Transportation Scheduled

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