American Airlines reports record revenues in second quarter

American Airlines has reported record revenues of $14.3bn in its second quarter 2024 earnings report. Net income was $717 million, or $1.01 per diluted share. Its net income was $717 million in the quarter, down 46% from $1.3bn a year prior. The airline generated an operating cash flow of around $1.1bn and free cash flow of approximately $850 million during the period. In addition, it had reduced its debt by $680 million. Its full year adjusted earnings per share (EPS) is expected to be between $0.70 and $1.30. It had initially forecast a full year EPS of $2.25-$3.25 back in