American Airlines release second-quarter 2021 report; will improve balance sheet
American Airlines Group Inc.has published its second-quarter 2021 financial results. Find out the details below: Second-quarter net profit of $19 million, or $0.03 per diluted share. Excluding net special items, second-quarter net loss of $1.1 billion, or ($1.69) per share. Second-quarter revenue of $7.5 billion, up 87 percent sequentially from the first quarter of 2021. Ended the second quarter with approximately $21.3 billion of total available liquidity, a record for the company. Accelerated the deleveraging process with prepayment of $950 million spare parts term loan. Company plans to pay down approximately $15 billion of debt by the end of 2025.
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