American Airlines reported record-high revenues of $53 billion and a $822 million net profit for 2023. This compares to $127 million in 2022, which is $1.9 billion without special items and corresponds with a 5.7 percent operating margin. The numbers al lower than those reported by Delta and United Airlines.
Revenues of $52.8 billion were up from $49 billion year on year, with passenger revenues up 8.8 percent to $48.5 billion and other revenues by 9.3 percent to $3.5 billion. Cargo income saw a 34.1 percent drop to $812 million.
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016.
Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.
