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Non-Tech : Airline Discussion Board

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Nov 12 4:00 PM EST

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From: Sam

10/22/2020 7:19:46 AM

of 1868

BRIEF-American Airlines Reports Third-Quarter 2020 Loss Per Share $4.71
REUTERS 7:18 AM ET 10/22/2020

Symbol Last Price Change

AAL	12.745	0 (0%)
QUOTES AS OF 04:00:00 PM ET 10/21/2020

Oct 22 (Reuters) - American Airlines Group Inc(AAL):

* AMERICAN AIRLINES REPORTS THIRD-QUARTER 2020 FINANCIAL RESULTS

* Q3 LOSS PER SHARE $4.71

* Q3 REVENUE $3.2 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.76 BILLION

* Q3 EARNINGS PER SHARE ESTIMATE $-5.91 -- REFINITIV IBES DATA

* Q3 LOSS PER SHARE $5.54 EXCLUDING ITEMS

* AMERICAN AIRLINES(AAL) - ENDED Q3 WITH APPROXIMATELY $13.6 BILLION OF TOTAL AVAILABLE LIQUIDITY

* AMERICAN AIRLINES(AAL) - ANNOUNCED AUTHORIZATION TO ISSUE UP TO $1 BILLION OF EQUITY IN AN AT--MARKET OFFERING TO FURTHER BOLSTER LIQUIDITY.

* AMERICAN AIRLINES(AAL) - ENDED THIRD QUARTER WITH APPROXIMATELY $13.6 BILLION OF TOTAL AVAILABLE LIQUIDITY

* AMERICAN AIRLINES(AAL) - REDUCED ITS DAILY CASH BURN RATE TO APPROXIMATELY $44 MILLION PER DAY IN Q3 FROM APPROXIMATELY $58 MILLION PER DAY IN Q2

* AMERICAN AIRLINES(AAL) - PRESENTLY EXPECTS ITS FOURTH-QUARTER CASH BURN RATE TO BE APPROXIMATELY $25 TO $30 MILLION PER DAY.

* AMERICAN AIRLINES(AAL) - SAW IMPROVEMENTS IN PASSENGER DEMAND AND LOAD FACTORS DURING Q3, BUT BOTH CONTINUE TO BE SIGNIFICANTLY BELOW 2019 LEVELS

* AMERICAN AIRLINES(AAL) - EXPECTS ITS FOURTH-QUARTER SYSTEM CAPACITY TO BE DOWN MORE THAN 50% YEAR OVER YEAR

* AMERICAN AIRLINES(AAL) - EXPECTS LONG-HAUL INTERNATIONAL CAPACITY DOWN APPROXIMATELY 75% YEAR OVER YEAR IN Q4

* AMERICAN AIRLINES(AAL) - THIRD-QUARTER PRO FORMA LIQUIDITY BALANCE IS APPROXIMATELY $15.6 BILLION

* AMERICAN AIRLINES(AAL) - ESTIMATES THAT IT HAS REMOVED APPROXIMATELY $17 BILLION FROM ITS OPERATING AND CAPITAL BUDGETS FOR 2020.

* AMERICAN AIRLINES(AAL) - RECENTLY DECIDED TO PERMANENTLY RETIRE ALL 15 OF ITS AIRBUS A330-200 AIRCRAFT.

* AMERICAN AIRLINES(AAL) - NOW HAS FINANCING SECURED FOR ALL OF ITS PLANNED DELIVERIES THROUGH 2021.

* AMERICAN AIRLINES(AAL) - QTRLY TOTAL MAINLINE & REGIONAL RPMS 18.12 BILLION VERSUS 64.87 BILLION REPORTED LAST YEAR

* AMERICAN AIRLINES(AAL) - QTRLY TOTAL MAINLINE & REGIONAL ASMS 30.77 BILLION VERSUS 75.82 BILLION REPORTED LAST YEAR

* AMERICAN AIRLINES(AAL) - QTRLY PASSENGER LOAD FACTOR 58.9% VERSUS 85.6%

* AMERICAN AIRLINES(AAL) - IN OCTOBER, COMPANY INCREASED ITS LOAN CAPACITY BY $2 BILLION THROUGH CARES ACT LOAN PROGRAM TO $7.5 BILLION. Source text for Eikon: Further company coverage:

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