American CEO Robert Isom, asked about the company’s debt reduction goal and plans to consider capital returns, replied: “Consistent with what we’ve been saying, we are focused on the debt reduction target. We’re looking forward to talking about other opportunities beyond that point. But right now, we want to get through our $15B, hit that number, and then we will talk more about capital allocation as we get beyond 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