{"id":83952,"date":"2022-01-20T22:19:03","date_gmt":"2022-01-20T22:19:03","guid":{"rendered":"https:\/\/mytravelleader.com\/?p=83952"},"modified":"2022-01-20T22:19:03","modified_gmt":"2022-01-20T22:19:03","slug":"american-airlines-poised-to-outperform-in-2022-says-incoming-ceo","status":"publish","type":"post","link":"https:\/\/mytravelleader.com\/transport\/american-airlines-poised-to-outperform-in-2022-says-incoming-ceo\/","title":{"rendered":"American Airlines &#39;poised to outperform&#39; in 2022, says incoming CEO"},"content":{"rendered":"<p>Incoming American Airlines CEO Robert Isom offered a simple vision for his early days leading the airline.<\/p>\n<p>&#8220;Our goal right now is to get back to profitability and deliver a reliable product, plain and simple,&#8221; he said.\u00a0<\/p>\n<p>Isom will move from president to chief executive on April 1. He spoke Thursday during American&#8217;s Q4 earnings call &#8212; the final one for outgoing CEO Doug Parker.\u00a0<\/p>\n<p>Isom said the work American has done during the pandemic has positioned the airline for success. He said the airline has simplified its fleet; increased gate count at its Dallas, Charlotte and Washington Dulles hubs; opened new lounges; updated aircraft maintenance facilities; shifted its network to meet current demand; and extracted more than $1 billion in long-term annual cost efficiencies.<\/p>\n<p>&#8220;I am quite confident that in all aspects, American is poised to outperform,&#8221; Isom said.\u00a0<\/p>\n<ul>\n<li><strong><em>Related: American confident that 5G issue is resolved<\/em><\/strong><\/li>\n<\/ul>\n<h2>AA lost $2 billion in 2021\u00a0<\/h2>\n<p>American&#8217;s year-end earnings report showed the continuing ravages of the pandemic. For the fourth quarter, the carrier reported a net loss of $931 million. <\/p>\n<p>Operating revenue was $9.4 billion, which was more than double the carrier&#8217;s total for the December quarter in 2020 but still 17% below 2019 revenue. The figure topped analyst expectations by $50 million, according to the investment website Seeking Alpha.\u00a0<\/p>\n<p>For full-year 2021, American reported a loss of $2 billion on operating revenue of $29.9 billion. The company&#8217;s adjusted net loss, which excludes the $4.2 billion the carrier received from the federal government for payroll support, was $5.4 billion.\u00a0<\/p>\n<p>American&#8217;s loss figures are similar to those reported Thursday by United Airlines, but they are substantially worse than Delta&#8217;s results. Last week, Delta reported an adjusted net loss of $2.6 billion for 2021 and an unadjusted net income of $280 million.\u00a0<\/p>\n<p>In the fourth quarter, American&#8217;s capacity was down 13% from 2019. The carrier plans to fly 8% to 10% less capacity than 2019 during the current quarter.\u00a0<\/p>\n<p>American Airlines CFO Derek Kerr said he expects the carrier to record losses for January and February as the Covid-19 omicron wave plays out. He anticipates a profitable March.\u00a0<\/p>\n<p>Source: <a href=\"https:\/\/www.travelweekly.com\/Travel-News\/Airline-News\/American-Airlines-Q4-2021-earnings\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Incoming American Airlines CEO Robert Isom offered a simple vision for his early days leading the airline. &#8220;Our goal right<\/p>\n","protected":false},"author":2,"featured_media":83951,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>American Airlines &#039;poised to outperform&#039; in 2022, says incoming CEO - My Travel Leader<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mytravelleader.com\/transport\/american-airlines-poised-to-outperform-in-2022-says-incoming-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"American Airlines &#039;poised to outperform&#039; 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