American Airlines Group (American) has released its fourth-quarter and full-year 2022 financial results. The company reported fourth-quarter and full-year net income of US$803 million and US$127 million respectively. Excluding net special items, fourth-quarter and full-year net income was US$827 million and US$328 million respectively.
American recorded fourth-quarter revenue of US$13.2 billion, which represents a 16.6% increase over the same period in 2019, despite flying 6.1% less capacity and ended the year with US$12 billion of total available liquidity, after prepaying a US$1.2 billion term loan during the fourth quarter. The company continues to execute on its plan to pay down US$15 billion of total debt by the end of 2025.
Based on demand trends and the current fuel price forecast and excluding the impact of special items, the company expects its first-quarter 2023 adjusted earnings per diluted share to be approximately breakeven. Based on today's guidance, American expects its full-year 2023 adjusted earnings per diluted share to be between US$2.50 and US$3.50. (£1.00 = US$1.23 at time of publication)
