Strengthening the balance sheet remains a top priority for American. In the first quarter, the company reduced total debt by nearly $950 million and has now achieved more than $12 billion, or over 80%, of its goal of reducing total debt by $15 billion by the end of 2025.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAL:
- American Airlines (NASDAQ:AAL) Rejigs Rewards Structure for Fliers
- Options Volatility and Implied Earnings Moves This Week, April 22 – April 26, 2024
- American Airlines call volume above normal and directionally bullish
- Early notable gainers among liquid option names on April 17th
- Airlines, unions urge Biden to halt approval of more China flights, Reuters says