American Airlines Group Inc. - AAL STOCK NEWS

American Airlines Group reported a first-quarter net income of $10 million, or $0.02 per diluted share, with adjusted net income of $33 million, or $0.05 per diluted share, marking the company's first profit in four years. Revenue reached a record $12.2 billion, a 37% year-over-year increase, driven by strong demand across domestic and international flights.

Operating cash flow was $3.3 billion, with free cash flow at $3.0 billion, and total available liquidity stood at $14.4 billion. The company is focused on reducing debt, having lowered it by over $850 million in Q1, and aims to cut total debt by $15 billion by the end of 2025. Full-year adjusted earnings per share guidance remains at $2.50 to $3.50, with the second quarter expected to generate EPS between $1.20 and $1.40.

American Airlines is sponsoring a team of aspiring aviation maintenance technicians (AMTs) from the Aviation Institute of Maintenance (AIM) in Chicago as they prepare for the 2023 Aerospace Maintenance Competition (AMC), held in Atlanta from April 18-20. This initiative is part of American's ongoing partnership with AIM to foster the next generation of aviation professionals. The competition will feature participants from various sectors, including schools and airlines, competing in over 25 maintenance scenarios. In addition to the AIM team, American is also sponsoring six professional teams and two additional student teams, showcasing its commitment to workforce development in aviation.

American Airlines Group (NASDAQ: AAL) is set to hold a live audio webcast of its first-quarter 2023 financial results conference call on Thursday, April 27, at 7:30 a.m. CT. The announcement emphasizes the company's commitment to transparency by making the webcast available to the public on a listen-only basis at aa.com/investorrelations. An archive of the call will remain accessible until May 27. Investors can look forward to insights on the company's earnings, revenue, and growth prospects during this critical briefing.

American Airlines celebrates the 50th anniversary of Bonnie Tiburzi becoming the first female pilot for a major commercial airline in the U.S. Tiburzi, who began her career with American Airlines in March 1973 at the age of 24, broke significant gender barriers in the aviation industry. Her historic hiring was a landmark moment that paved the way for many women aviators to enter and excel in this traditionally male-dominated field. This milestone honors the contributions of women who inspired Tiburzi and those she has inspired throughout her career. The airline continues to recognize the importance of diversity and inclusion in aviation.

American Airlines raised over $1.1 million for the Cystic Fibrosis Foundation at the recent Celebrity Ski event in Beaver Creek, Colorado. This event, which has taken place for 38 years, has helped the airline contribute more than $45 million to the foundation in total. In honor of Chief Customer Officer Alison Taylor's commitment to the organization ahead of her retirement, American donated an additional $25,000. The event attracted over 400 participants, including celebrities and Olympic athletes, to support the foundation's mission for cystic fibrosis research and treatment.

American Airlines, in partnership with the Dallas Mavericks and Nick & Sam's Steakhouse, successfully hosted the 16th annual Seats for Soldiers event on January 30, 2023. This event honored over 100 wounded, ill, and injured service members from Brooke Army Medical Center. Participants enjoyed a complimentary dinner and courtside seats for a Mavericks game against the Detroit Pistons. The initiative returned after a two-year hiatus due to COVID-19, showcasing American Airlines' dedication to supporting military personnel.