This post was originally published on this site
AAL is benefiting from an increase in air-travel demand in the U.S. as more people have gotten vaccinated. This has led to passenger revenue jumping 491% in the second quarter, compared with the same quarter last year. As demand has improved, the company is looking to add routes and broaden its network.
In the most recent quarter, the company had $18 billion in cash, up from $14 billion in the previous quarter, and well above its short-term debt level of $2.8 billion. Revenues are expected to soar 243.3% year over year in the current quarter and 77% for the year. This has led to a Growth Grade of B in our POWR Ratings system.
