Despite record-high Q3 revenues, American Airlines reported the lowest net profit for the quarter compared to its main rivals, United and Delta. AA produced an adjusted net profit of $263 million, which turns into a half-a-billion dollar non-adjusted net loss if one-off charges are included. Demand has been strong, but record-high revenues were not enough to compensate for rising operational and non-operational expenses. For Q4, American has lowered its guidance.
American reported a $-545 million net loss compared to a $483 million profit in Q3 last year, with an operating margin of -1.7 percent. It recognized $808 million in special items, including $983 million in one-off charges related to the new collective labor agreements with the mainline pilots, plus $101 million in non-operating special items. Excluding these special items, the non-GAAP/net profit was $263 million at a 5.4 percent margin, which is better than analysts anticipated. But it is lower than the $1.108 billion net profit of Delta and $1.138 billion of United.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.