The Fort Worth, Texas-based airline employs about 5,200 people at Tech Ops-Tulsa, its largest maintenance base.
“We have taken a number of steps to solidify our business through our Green Flag Plan, and it shows in our second-quarter results,” American’s Chairman and CEO Doug Parker. “We have reshaped our network, simplified our fleet and made our cost structure more efficient, all to create an airline that will outperform competitors and deliver for customers. The green flag has dropped, and we are ready thanks to the tremendous efforts and dedication of the American Airlines team.”
The airline had second-quarter revenue of $7.5 billion, up 87% from this year’s first quarter. It also ended the second quarter with $21.3 billion of total available liquidity, a record for the company. American plans to pay down about pay down roughly $15 billion of debt by the end of 2025.
Losses, adjusted for non-recurring gains, were $1.1 billion and $1.69 per diluted share.
A year ago, well into the initial shock of the coronavirus, American posted a second-quarter loss of $2 billion, or $4.82 per diluted share.