American CFO Devon May said on the company’s Q1 call: “Aircraft delivery delays are impacting the entire industry, but they are not having the same impact on American as other carriers since we are not as dependent on new aircraft deliveries as most of our peers. We have modest aircraft CapEx requirements this decade due to our previous refleeting efforts. We now expect our 2024 aircraft CapEx to be approximately $2.2B, our total CapEx to be approximately $3.1B. We continue to expect aircraft CapEx to be approximately $3B to $3.5B per year from 2025 through 2030.”
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