American Airlines flies to record second-quarter revenues and $1.3 billion profit

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American Airlines flies to record second-quarter revenues and $1.3 billion profit
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American Airlines produced a total operating revenue of $14.1 billion

“At American, we’re focused on taking care of what we can control,” said Robert Isom, American Airlines CEO to investors on Thursday. “Our purposeful approach to planning along with our investments in our team, fleet and technology has set us up for success during the busy summer travel season and beyond.”the union which represents American’s 15,000 pilots, after United Airlines landed a deal with its pilots that proposed greater pay rates.

There’s at least a 2% pay decrease compared to Delta Air Lines and United’s pilot contracts, according to the Allied Pilots Association, noting that American did not provide back pay for the months of January, February, March and April 2023 in the current tentative agreement. The American agreement also provides pay increases every May, while United and Delta’s raises are every January.

The new updates to the pilot contract are not material concerns, according to Joe Rohlena, senior director at Fitch Ratings. “There is a catch up to the the United contracts, but I don’t think the incremental amount is unmanageable,” Rohlena said.

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