American Airlines Group Inc. has published its financial results for the second quarter of 2025, showing revenue of 14.4 billion USD and a net income of 599 million USD under generally accepted accounting principles (GAAP).
Adjusted net income, which excludes certain special items, was reported at 628 million USD.
The airline recorded an operating margin of around 8% for the quarter and closed the period with total available liquidity of 12 billion USD. Operating cash flow stood at 3.4 billion USD, while free cash flow was reported at 2.5 billion USD for the first half of the year.
American’s CEO Robert Isom said:American delivered record revenue in an evolving demand environment in the second quarter thanks to the hard work and dedication of our team. We remain confident that the actions we have taken over the past several years to refresh our fleet, manage costs and strengthen our balance sheet position us well for the future. The investments we have made toward achieving our revenue potential, including bolstering our network, customer experience and loyalty program, are paying off, and the team remains focused on delivering on our long-term strategy.
American noted continued momentum in demand for premium cabin travel, particularly on international routes. Passenger unit revenue on transatlantic routes rose 5% compared with the same period last year. The airline also reported progress in regaining market share from indirect sales channels, such as online travel agencies, aided by a quicker-than-anticipated recovery in leisure travel.
All international markets contributed to year-on-year unit revenue growth.
Notably, the airline’s operational performance was affected by a 36% rise in disruptive weather-related events compared with the same period in 2024, particularly at hub airports in Dallas-Fort Worth, Chicago, Washington, D.C., and the Northeast. Despite this, the company said it maintained resilience and credited technology investments for supporting recovery during irregular operations.
American Airline’s debt at the end of the quarter was 38 billion USD, with net debt at 29 billion USD. The company continues to prioritise balance sheet improvement, supported by strong cash generation.
