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LAXintl
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Joined: Wed May 24, 2000 12:12 pm

American post 2021 Q1 results

Thu Apr 22, 2021 5:09 pm

American Airlines Group reported 1Q 2021 revenue down 53% to US$4.0 billion, with net loss of $1.3 billion.(includes $2.1 billion credit related to PPP funding)

Average cash burn rate approximately $27 million per day in the first quarter.

Group ended the quarter with approximately $17.3 billion of total available liquidity.

Based on current trends, AA expects its Q2 capacity to be down 20-25% compared to the second quarter of 2019.


https://americanairlines.gcs-web.com/ne ... al-results
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KarlB737
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Joined: Sat Mar 20, 2004 9:51 pm

Re: American post 2021 Q1 results

Thu Apr 22, 2021 5:24 pm

Courtesy: Fox Business

American Airlines Posts $1.25B Loss, Delays New Jets

American Airlines Burned Through $27M In Cash Each Day In The Quarter

"American said it burned through $27 million in cash each day in the quarter, down from $30 million a day in the fourth quarter of 2020. The airline said it reduced 2021 costs by more than $1.3 billion, including a new round of voluntary buyouts that will result in 1,600 employees leaving the company."

https://www.foxbusiness.com/markets/american-airlines-earnings-quarterly-earnings-delay-jets
 
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UPlog
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Re: American post 2021 Q1 results

Fri Apr 23, 2021 12:21 am

Bit interesting, AA missed analyst estimates with both revenue falling short and generating a bigger loss than forecast.

https://www.marketwatch.com/story/ameri ... 2021-04-22
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LAXintl
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Re: American post 2021 Q1 results

Fri Apr 23, 2021 1:22 am

Yes, AA missed analyst estimates, but so did UA also on its loss.

It's probably exceedingly hard for an analyst to model their estimates in such dynamic conditions.
From the desert to the sea, to all of Southern California

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