Continued strength in passenger demand has driven American Airlines' increase in revenue by 2.7% year-over-year to $12 billion - a record haul in the second quarter of 2019.
The airline also recorded a record second-quarter total passenger load factor of 86.6%, revenue per available seat mile (RASM) grew 4%.
Total second quarter 2019 operating expenses were $10.8 billion, up 1.6% year over year.
Moving forward, American is said to continue to invest in its fleet by taking delivery of 14 new aircraft and operating its first customer flight on the Airbus A321neo.
The American fleet currently includes 24 Max aircraft with an additional 76 aircraft on order, of which seven were scheduled to be delivered in the second quarter. The company now estimates that the cancellations in the second quarter negatively impacted pre-tax income by approximately $175 million.
The company has removed all Max flying from its flight schedule through Nov 2. With the flight cancellations extending an additional two months, the company now expects the Max cancellations will negatively impact its full year 2019 pre-tax earnings by approximately $400 million.