American Airlines posts record Q4 2024 revenue, keeps lowering debt levels 

American Airlines has posted a GAAP net income of $846 million for the full year 2024, on total revenue of $54.2 billion. Operating income was reported at $2.6 billion for the same period. 

The carrier also achieved a record Q4, which made a major contribution to the positive full year results. In Q4 2024 American Airlines posted a net income of $590 million on net income of $13.7 billion. The Q4 operating margin of 8.3% was nearly double that of the full year. 

The airline’s management attributed this financial performance in great part to the efforts to adjust capacity in the context of growing market demand. 

American Airlines also highlighted how, helped by record free cash flow of $2.2 billion, it had made big progress in meeting its debt reduction targets from its 2021 peak. According to American Airlines’ 2024 financial report, lowering debt levels will remain a priority for American Airlines’ management during this fiscal year. 

The airline also announced an aim to boost its credit card business by signing a new exclusive agreement with Citi. Starting from 2026, the US bank will issue a new portfolio of credit cards linked to American Airlines’ AAdvantage® loyalty program. The post American Airlines posts record Q4 2024 revenue, keeps lowering debt levels  appeared first on AeroTime.

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