American Airlines reported its second-quarter 2023 financial results, including:
- Record quarterly revenue of $14.1 billion, a 4.7% increase year-over-year.
- Generated operating cash flow of $1.8 billion and free cash flow of $1.2 billion in the second quarter.
- Ended the quarter with $14.9 billion of total available liquidity.
“It was another fantastic quarter for American, driven by the hard work of our team to deliver a reliable operation for our customers and the continued strong demand for our product,” says American’s CEO Robert Isom. “Our operation is performing at historically strong levels, and we have worked to refresh our fleet and build a comprehensive global network, all of which helped to produce record revenues in the second quarter. We will build on this momentum the rest of the year and continue to prioritize reliability, profitability, accountability and strengthening our balance sheet.” The airline’s credit rating was upgraded two notches to B+ by Fitch.