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

American Airlines Group Inc.

CIK: 6201 Ticker: AAL
Exhibit 99.1

 aaglogoa10.jpg 
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Corporate Communications
 
817-967-1577
 
 
mediarelations@aa.com
FOR RELEASE: Thursday, October 24, 2019
AMERICAN AIRLINES GROUP REPORTS
THIRD-QUARTER 2019 PROFIT
FORT WORTH, Texas – American Airlines Group Inc. (NASDAQ: AAL) today reported its third-quarter 2019 results, including these highlights:
Reported third-quarter 2019 pre-tax income of $557 million and net income of $425 million. Excluding net special items, both pre-tax income and net income rose more than 15% year over year to $835 million and $630 million,1 respectively.
Third-quarter earnings were $0.96 per diluted share. Excluding net special items, earnings per share grew 20% year over year to $1.42 per diluted share1.
Reported record third-quarter revenue of $11.9 billion. Also reported third-quarter total revenue per available seat mile (TRASM) of 15.71 cents, an increase of 2% year over year. This marks the 12th consecutive quarter of TRASM growth.
Returned $244 million to shareholders in the form of dividends and share repurchases in the third quarter.

“We are pleased to report an earnings increase of 15% and earnings per share growth of 20% for the third quarter, excluding net special items” said Chairman and CEO Doug Parker. “However, we know that our results should have been better. Our third quarter was impacted by the continued grounding of the Boeing 737 MAX and the operational challenges resulting from ongoing labor contract negotiations. These challenges affected our customers, our shareholders and our team members, who we thank for their hard work and perseverance.”

“We are taking decisive action to correct this performance and are excited about our prospects for 2020 and beyond. As we look forward, we are committed to restoring operational excellence, growing efficiently and profitably, and generating significant free cash flow for our investors.”
Third-Quarter Revenue and Expenses
Pre-tax earnings excluding net special items for the third quarter of 2019 were $835 million, a 16% year-over-year increase from the third quarter of 2018. Excluding net special items, net income was $630 million, or $1.42 per diluted share.



The following information was filed by American Airlines Group Inc. (AAL) on Thursday, October 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-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 - 2019-1 Eetcs - Certain Information (Details)
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: 0000006201-19-000067
Submitted to the SEC: Thu Oct 24 2019 7:38:22 AM EST
Accepted by the SEC: Thu Oct 24 2019
Period: Monday, September 30, 2019
Industry: Air Transportation Scheduled

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