American Airlines Named to Dow Jones Sustainability World Index

Rhea-AI Summary

American Airlines (AAL) has been named to the Dow Jones Sustainability World Index (DJSI World) for the first time, and also returns to the Dow Jones Sustainability North America Index (DJSI North America) for the third year in a row. The DJSI World represents the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index based on long-term economic, environmental, and social criteria. American Airlines' CEO Robert Isom expressed gratitude for the recognition and highlighted the company's industry-leading operational reliability, investment in team members, and sustainability efforts. The airline's achievements in on-time departures, customer satisfaction, pilot compensation, LGBTQ+ workplace equality, and carbon intensity reduction demonstrate its commitment to sustainability and operational excellence.

Positive

• Inclusion in the DJSI World and DJSI North America reflects American Airlines' strong performance in economic, environmental, and social criteria.
• The airline leads the industry in on-time departures and customer satisfaction.
• American Airlines reached a four-year agreement with its pilots, delivering over $9 billion in compensation and quality-of-life benefits.
• The company received a perfect score on the Corporate Equality Index for LGBTQ+ workplace equality.
• American set the first 2035 carbon intensity target validated by the Science Based Targets initiative and entered into an innovative offtake agreement for sustainable aviation fuel production.

Negative

• None.

FORT WORTH, TX / ACCESSWIRE / December 14, 2023 / American Airlines has been named to the Dow Jones Sustainability World Index (DJSI World) for the first time, one of only two passenger airlines included in the Index. American also returns to the Dow Jones Sustainability North America Index (DJSI North America) for the third year in a row.

The Dow Jones Sustainability World Index comprises global sustainability leaders as identified by S&P Global through the Corporate Sustainability Assessment. It represents the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index based on long-term economic, environmental and social criteria.

"Inclusion on the DJSI World recognizes our work to improve the reliability of our operation, invest in our team members and operate more sustainably," said American's CEO Robert Isom. "We are honored to be recognized for our progress."

Industry-leading operational reliability

• American leads the industry in on-time departures year-to-date and major U.S. network competitors in completion factor.
• Based on a sampling of approximately 3 million customer surveys, American's Likelihood to Recommend (LTR) score - a key satisfaction indicator - reached a record high in 2022.

Investing in team members

• In 2023, the airline reached a four-year agreement with its pilots, represented by the Allied Pilots Association (APA), which will deliver more than $9 billion of compensation and quality-of-life benefits to American's 15,000 pilots.
• American received a score of 100 on the Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index, the nation's foremost benchmarking survey measuring corporate policies and practices related to LGBTQ+ workplace equality.

Enhancing our sustainability efforts

• American led the industry by setting the first 2035 carbon intensity target validated by the Science Based Targets initiative.
• More recently, American entered into an innovative offtake agreement for an advanced form of sustainable aviation fuel (SAF) to be produced by Texas-based Infinium. American's offtake agreement is a critical enabler of further investment in Infinium's work to produce SAF from waste carbon dioxide and renewable power.
• American also signed on as the inaugural customer of Graphyte, a carbon removal startup backed by Breakthrough Energy Ventures, which is pioneering a method of permanent carbon removal that uses significantly less energy and at a substantially lower cost, relative to existing carbon removal approaches.

The full results and list of Index constituents are available online.

American's 2022 Sustainability Report provides updates on the company's strategy and progress on key issues over the past year. It affirms American's focus on the sustainability issues most important to its business and stakeholders, including climate change, customer and team member safety, team member professional development and customer service.

More information on American's sustainability strategy is available at aa.com/esg.

About American Airlines Group
To Care for People on Life's Journey®. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL and the company's stock is included in the S&P 500. Learn more about what's happening at American by visiting news.aa.com and connect with American @AmericanAir and at Facebook.com/AmericanAirlines.

Cautionary statement regarding forward-looking statements and information

Certain of the statements contained in this release should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words. Such statements include, but are not limited to, statements about the company's plans, objectives, expectations, intentions, estimates and strategies for the future, and other statements that are not historical facts. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in the company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (especially in Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors), and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.

View additional multimedia and more ESG storytelling from American Airlines on 3blmedia.com.

Contact Info:
Spokesperson: American Airlines
Website: https://www.3blmedia.com/profiles/american-airlines
Email: info@3blmedia.com

SOURCE: American Airlines

View the original press release on accesswire.com

FAQ

What is the significance of American Airlines (AAL) being named to the Dow Jones Sustainability World Index?

American Airlines' inclusion in the DJSI World reflects its strong performance in economic, environmental, and social criteria, demonstrating its commitment to sustainability and operational excellence.

What are some key achievements of American Airlines in terms of operational reliability and customer satisfaction?

American Airlines leads the industry in on-time departures and customer satisfaction, as evidenced by a record high Likelihood to Recommend (LTR) score in 2022.

How has American Airlines invested in its team members?

The airline reached a four-year agreement with its pilots, delivering over $9 billion in compensation and quality-of-life benefits, and received a perfect score on the Corporate Equality Index for LGBTQ+ workplace equality.

What sustainability efforts has American Airlines undertaken?

American set the first 2035 carbon intensity target validated by the Science Based Targets initiative and entered into an innovative offtake agreement for sustainable aviation fuel production, demonstrating its commitment to reducing carbon emissions and investing in sustainable practices.