American Airlines Q1 cargo revenue drops 39%

Cargo tonne miles down 21% to 422 million, cargo yield per tonne mile declines 22% to 52.75 cents

Total operating revenue increased 37% to $12.2 billion on 42% increase in passenger revenue at $11.1 billion. While operating income was $438 million, net income came in at $10 million

Looking ahead to the remainder of 2023, we remain focused on reliability, profitability, strengthening the balance sheet, and creating even more value for our shareholders, team members, customers and the communities we serve.

American continues to expect its full-year 2023 adjusted earnings per diluted share to be between $2.50 and $3.50. The company’s forecasts include the estimated impact of anticipated new labour agreements.