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AAL American Airlines

American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.

Company profile

Ticker
AAL
Exchange
Website
CEO
Thomas Horton
Employees
Incorporated
Location
Fiscal year end
Former names
AMR CORP
SEC CIK
IRS number
751825172

AAL stock data

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Calendar

22 Jul 21
31 Jul 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 465M 465M 465M 465M 465M 465M
Cash burn (monthly) (positive/no burn) 166.67K (positive/no burn) 586.33M (positive/no burn) 151.92M
Cash used (since last report) n/a 169.43K n/a 596.07M n/a 154.44M
Cash remaining n/a 464.83M n/a -131.07M n/a 310.56M
Runway (months of cash) n/a 2789.0 n/a -0.2 n/a 2.0

Beta Read what these cash burn values mean

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Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Jun 21 Benjamin Jeffrey D Common Stock Grant Aquire A No No 0 6,289 0 42,071
9 Jun 21 Albaugh James F Common Stock Grant Aquire A No No 0 6,289 0 51,193
9 Jun 21 John T Cahill Common Stock Grant Aquire A No No 0 6,289 0 15,102
9 Jun 21 Steenland Douglas M Common Stock Grant Aquire A No No 0 6,289 0 13,939
9 Jun 21 Robinson Ray M Common Stock Grant Aquire A No No 0 6,289 0 44,856

Financial report summary

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Risks
  • Downturns in economic conditions could adversely affect our business.
  • We will need to obtain sufficient financing or other capital to operate successfully.
  • Our high level of debt and other obligations may limit our ability to fund general corporate requirements and obtain additional financing, may limit our flexibility in responding to competitive developments and cause our business to be vulnerable to adverse economic and industry conditions.
  • We have significant pension and other postretirement benefit funding obligations, which may adversely affect our liquidity, results of operations and financial condition.
  • If our financial condition worsens, provisions in our credit card processing and other commercial agreements may adversely affect our liquidity.
  • The loss of key personnel upon whom we depend to operate our business or the inability to attract and develop additional qualified personnel could adversely affect our business.
  • Our business has been and will continue to be affected by many changing economic and other conditions beyond our control, including global events that affect travel behavior, and our results of operations could be volatile and fluctuate due to seasonality.
  • Union disputes, employee strikes and other labor-related disruptions, or our inability to otherwise maintain labor costs at competitive levels may adversely affect our operations and financial performance.
  • If we encounter problems with any of our third-party regional operators or third-party service providers, our operations could be adversely affected by a resulting decline in revenue or negative public perception about our services.
  • Any damage to our reputation or brand image could adversely affect our business or financial results.
  • We are at risk of losses and adverse publicity stemming from any public incident involving our company, our people or our brand, including any accident or other public incident involving our personnel or aircraft, or the personnel or aircraft of our regional, codeshare or joint business operators.
  • We face challenges in integrating our computer, communications and other technology systems.
  • Changes to our business model that are designed to increase revenues may not be successful and may cause operational difficulties or decreased demand.
  • Our intellectual property rights, particularly our branding rights, are valuable, and any inability to protect them may adversely affect our business and financial results.
  • We may be a party to litigation in the normal course of business or otherwise, which could affect our financial position and liquidity.
  • Our ability to utilize our NOL Carryforwards may be limited.
  • We have a significant amount of goodwill, which is assessed for impairment at least annually. In addition, we may never realize the full value of our intangible assets or long-lived assets, causing us to record material impairment charges.
  • The commercial relationships that we have with other airlines, including any related equity investment, may not produce the returns or results we expect.
  • Our business is very dependent on the price and availability of aircraft fuel. Continued periods of high volatility in fuel costs, increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on consumer demand, our operating results and liquidity.
  • Our business is subject to extensive government regulation, which may result in increases in our costs, disruptions to our operations, limits on our operating flexibility, reductions in the demand for air travel, and competitive disadvantages.
  • We operate a global business with international operations that are subject to economic and political instability and have been, and in the future may continue to be, adversely affected by numerous events, circumstances or government actions beyond our control.
  • We may be adversely affected by conflicts overseas or terrorist attacks; the travel industry continues to face ongoing security concerns.
  • We are subject to many forms of environmental and noise regulation and may incur substantial costs as a result.
  • We depend on a limited number of suppliers for aircraft, aircraft engines and parts.
  • Delays in scheduled aircraft deliveries or other loss of anticipated fleet capacity, and failure of new aircraft to perform as expected, may adversely impact our business, results of operations and financial condition.
  • We rely heavily on technology and automated systems to operate our business, and any failure of these technologies or systems could harm our business, results of operations and financial condition.
  • Evolving data security and privacy requirements could increase our costs, and any significant data security incident could disrupt our operations, harm our reputation, expose us to legal risks and otherwise materially adversely affect our business, results of operations and financial condition.
  • We rely on third-party distribution channels and must manage effectively the costs, rights and functionality of these channels.
  • If we are unable to obtain and maintain adequate facilities and infrastructure throughout our system and, at some airports, adequate slots, we may be unable to operate our existing flight schedule and to expand or change our route network in the future, which may have a material adverse impact on our operations.
  • Interruptions or disruptions in service at one of our key facilities could have a material adverse impact on our operations.
  • A higher than normal number of pilot retirements, more stringent duty time regulations, increased flight hour requirement for commercial airline pilots, reductions in the number of military pilots entering the commercial workforce, increased training requirements and other factors have caused a shortage of pilots that could materially adversely affect our business.
  • Increases in insurance costs or reductions in insurance coverage may adversely impact our operations and financial results.
  • The airline industry is heavily taxed.
  • We have ceased making repurchases of our common stock and paying dividends on our common stock as required by the CARES Act, the PSP Extension Law and the ARP. Following the end of those restrictions, if we do decide to make repurchases of or pay dividends on our common stock, we cannot guarantee that we will continue to do so or that our capital deployment program will enhance long-term stockholder value.
  • AAG’s Certificate of Incorporation and Bylaws include provisions that limit voting and acquisition and disposition of our equity interests.
  • Certain provisions of AAG’s Certificate of Incorporation and Bylaws make it difficult for stockholders to change the composition of our Board of Directors and may discourage takeover attempts that some of our stockholders might consider beneficial.
  • The issuance or sale of shares of our common stock, rights to acquire shares of our common stock, or warrants issued to Treasury under the CARES Act, the PSP Extension Law, the ARP, PSP1, PSP2 and PSP3, could depress the trading price of our common stock and the Convertible Notes.
Management Discussion
  • COVID-19 has been declared a global health pandemic by the World Health Organization. COVID-19 has surfaced in nearly all regions of the world, which has driven the implementation of significant, government-imposed measures to prevent or reduce its spread, including travel restrictions, testing regimes, closing of borders, “stay at home” orders and business closures. As a result, we have experienced an unprecedented decline in the demand for air travel, which has resulted in a material deterioration in our revenues. While our business performed largely as expected in January and February of 2020, a severe reduction in air travel starting in March 2020 resulted in our total operating revenues decreasing approximately 62% in 2020 as compared to 2019. While the length and severity of the reduction in demand due to the COVID-19 pandemic is uncertain, we expect our results of operations for 2021 to be severely impacted.
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H.S. senior Avg
New words: Atlantic, bathroom, bore, feet, half, jumbo, onset, Pacific, refreshment, refurbishment, retroactive, signage, square, tripling, trough, universe, write
Removed: AMT, comparison, consumed, drove, Overview, percent, ranging

Patents

GRANT
Utility
Monitoring/alert system for airline gate activities
11 May 21
A method of monitoring and reporting aircraft turnaround activities at an airport gate that includes monitoring the airport gate using a first camera that has a first field of view associated with the airport gate; generating, using the first camera, first image data capturing a first activity within the first field of view; receiving, by processor(s), the first image data; identifying, by the processor(s), the first activity captured in the first image data; comparing, using a computer application, aspect(s) of the first activity with a predetermined schedule; and displaying, on a graphical user interface remote from the first camera and using the computer application, an alert indicating that the first activity does not comply with the predetermined schedule; wherein the processor(s) include a machine learning processor.
GRANT
Utility
Flight number optimization system
9 Mar 21
A method of assigning numbers to flights includes displaying, in a first window that is displayed on a GUI, a slideable scale that receives a pairing preference input that indicates a user preference relating to the classification of flights as thru flights relative to the classification of flights as out-and-back flights.
GRANT
Utility
Thrust reverser cowl rack
19 Jan 21
A rack for holding a portion of a thrust reverser.
GRANT
Utility
System and method for optimally managing aircraft assets
4 Jan 21
A system and method for optimally managing aircraft assets according to which a maintenance activity, costs, and aircraft asset deposition are addressed.
GRANT
Utility
Table-driven data storage system for multi-departure, multi-cabin travel seat inventory optimization
7 Dec 20
A system and method that includes receiving for each passenger: a PNR; a passenger identification number (“PIN”); a passenger's historical itinerary; a fare; and an assigned seat.