Making That Money!
#1
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- Highest-ever quarterly revenue of $14.3 billion.
- Second-quarter net income of $717 million, or $1.01 per diluted share. Excluding net special items1, second-quarter net income of $774 million, or $1.09 per diluted share.
- Generated operating cash flow of approximately $1.1 billion and free cash flow of approximately $850 million in the second quarter.
- Reduced total debt by approximately $680 million in the second quarter.
- On track to reduce total debt from peak levels by $15 billion by year-end 2025.
- Full-year adjusted earnings per diluted share4 expected to be between $0.70 and $1.30.
Last edited by MstrAv8r; 07-25-2024 at 10:49 AM.
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#2
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#3
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so get financial house in order, because we are going bankrupt?
#6
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That headline doesn't tell the whole story. High revenue, yes. However, 46% drop in profit.
"American said it expects to earn an adjusted 70 cents to $1.30 per share this year, well below the $2.25 to $3.25 a share it forecast in April and short of the $1.10 to $2.60 a share that Wall Street analysts were expecting, according to LSEG. The Fort Worth-Texas based airline also estimated its unit revenue would drop as much as 4.5% for the third quarter as high travel demand failed to make up for an excess of flights." - MSNBC
"American said it expects to earn an adjusted 70 cents to $1.30 per share this year, well below the $2.25 to $3.25 a share it forecast in April and short of the $1.10 to $2.60 a share that Wall Street analysts were expecting, according to LSEG. The Fort Worth-Texas based airline also estimated its unit revenue would drop as much as 4.5% for the third quarter as high travel demand failed to make up for an excess of flights." - MSNBC
#7
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Delta - JuneQuarter 2024 GAAP Financial Results
- Operating revenue of $16.7 billion
- Operating income of $2.3 billion with an operating margin of 13.6 percent
- Pre-tax income of $1.8 billion with a pre-tax margin of 10.6 percent
- Earnings per share of $2.01
- Operating cash flow of $2.5 billion
- Payments on debt and finance lease obligations of $1.4 billion
- Total debt and finance lease obligations of $18.0 billion at quarter end
- Operating revenue of $15.4 billion, 5.4 percent higher than the June quarter 2023
- Operating income of $2.3 billion with an operating margin of 14.7 percent
- Pre-tax income of $2.0 billion with a pre-tax margin of 13.0 percent
- Earnings per share of $2.36
- Operating cash flow of $2.5 billion
- Free cash flow of $1.3 billion
- Adjusted debt to EBITDAR of 2.8x, down from 3.0x at the end of 2023
- Return on invested capital of 13.1 percent
#8
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United - Second-Quarter Financial Results
• Capacity up 8.3% compared to second-quarter 2023.
• Total operating revenue of $15.0 billion, up 5.7% compared to second-quarter 2023.
• TRASM down 2.4% compared to second-quarter 2023.
• CASM down 4.8%, and CASM-ex1 up 2.1%, compared to second-quarter 2023.
• Pre-tax earnings of $1.7 billion, with a pre-tax margin of 11.6%; adjusted pre-tax earnings1 of $1.8 billion, with an adjusted pre-tax margin1 of 12.1%.
• Net income of $1.3 billion; adjusted net income1 of $1.4 billion.
• Diluted earnings per share of $3.96; adjusted diluted earnings per share1 of $4.14.
• Average fuel price per gallon of $2.76.
• Ending available liquidity4 of $18.2 billion.
• Total debt and finance lease obligations of $26.6 billion at quarter end.
• Trailing twelve months adjusted net debt to adjusted EBITDAR of 2.6x 3 .
• In July, voluntarily pre-paid the remaining $1.8 billion outstanding balance of the MileagePlus term loan with an interest rate near 11%.
• Capacity up 8.3% compared to second-quarter 2023.
• Total operating revenue of $15.0 billion, up 5.7% compared to second-quarter 2023.
• TRASM down 2.4% compared to second-quarter 2023.
• CASM down 4.8%, and CASM-ex1 up 2.1%, compared to second-quarter 2023.
• Pre-tax earnings of $1.7 billion, with a pre-tax margin of 11.6%; adjusted pre-tax earnings1 of $1.8 billion, with an adjusted pre-tax margin1 of 12.1%.
• Net income of $1.3 billion; adjusted net income1 of $1.4 billion.
• Diluted earnings per share of $3.96; adjusted diluted earnings per share1 of $4.14.
• Average fuel price per gallon of $2.76.
• Ending available liquidity4 of $18.2 billion.
• Total debt and finance lease obligations of $26.6 billion at quarter end.
• Trailing twelve months adjusted net debt to adjusted EBITDAR of 2.6x 3 .
• In July, voluntarily pre-paid the remaining $1.8 billion outstanding balance of the MileagePlus term loan with an interest rate near 11%.
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