American Airlines will host its 2024 Investor Day at 1 p.m. ET today in New York. American’s CEO Robert Isom and other senior leaders will provide an update on the airline’s performance and its path forward for long-term value creation. At today’s event, American will provide insights into the financial targets it has set for 2024 through 2026 and beyond, including guiding to adjusted EBITDAR margin of about 14% in 2024, growing to about 15%-18% for 2026; free cash flow of about $2B in 2024 growing to over $3B for 2026; and total debt of about $41B in 2024 shrinking to less than $35B for 2026. “I’m incredibly proud of the work we have done over the past two years to build an American that is stronger, more focused and well-positioned to realize our full potential. Today, with our key initiatives in place, American is positioned to deliver a reliable operation for customers while generating durable earnings over the long term. We’re excited for the path ahead and confident in our ability to drive value for our shareholders through our commercial initiatives and continued execution,” said American’s CEO Robert Isom.
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