(Finance) – American AirlinesUS airline, has registered record revenue for the second quarter of 2022amounting to $ 13.4 billion, representing an increase of 12.2% compared to the same period in 2019, despite having operated flights with a capacity 8.5% lower. L’Net income the second quarter was $ 476 million, or $ 0.68 per diluted share ($ 0.03 a year ago). On base adjusted, net income for the second quarter was $ 533 million, or $ 0.76 per diluted share, compared with a loss of $ 1.09 billion, or $ 1.69 per share, a year earlier. The market, according to Refinitiv data, expected earnings per share of $ 0.76 on revenues of $ 13.4 billion.
“We are very pleased to bring back a quarterly profit, excluding special items, for the first time since the start of the pandemicDriven by strong demand and our team’s hard work, the American Airlines team has been committed to meeting the surge in air travel demand by performing a reliable operation under very difficult conditions. We are encouraged by the trends we are seeing across the company and remain well positioned for continued recovery. “
American Airlines closed the second quarter with $ 15.6 billion total available liquidity. Total debt relief continues to be a top priority and the company remains on track to reduce overall debt levels by $ 15 billion by the end of 2025.