American Airlines Group reports second quarter 2019 profit

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American Airlines Group has reported its second quarter 2019 results. American has reported a second quarter 2019 pre-tax profit of US$882 million and net profit of US$662 million. Excluding net special items, pre-tax profit and net profit rose more than 5% to US$1.1 billion and US$810 million, respectively.

Second quarter earnings were US$1.49 per diluted share. Excluding net special items, earnings per share grew 10% year over year to US$1.82 per diluted share.

American reported record second quarter revenue of US$12 billion and reported record second quarter total revenue per available seat mile (TRASM) — the 11th consecutive quarter of TRASM growth.

Passenger demand drove a 2.7% year-over-year increase in second quarter 2019 total revenue to $12 billion, a record for the quarter. Driven by a record second quarter total passenger load factor of 86.6%, passenger revenue per available seat mile (PRASM) grew 4% to a record 15.22 cents.

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