American Airlines reports first quarter 2024 net loss of $312 million, $12.6bn in revenue

American Airlines posted its first quarter 2024 revenue of approximately $12.6bn, up 3.1% YoY, and a net loss of $312 million, down from a net profit of $10 million YoY. It reported a diluted loss per share of 48 cents, down from its first quarter earnings of per share of two cents. American generated an operating cash flow of $2.2bn and free cash flow of $1.4bn in the first quarter. It had also reduced its total debt by nearly $950 million in the first quarter with it being over 80% on the way to its 2025 total debt reduction goal.