American Airlines Managed Corporate Revenue Grows Double Digits for Sixth Consecutive Quarter
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American Airlines reported Q3 results: managed corporate segment revenue grew 28% year over year, the sixth consecutive quarter of double-digit growth; travel management company channel revenue grew 27% year over year, and small and medium enterprise business AAdvantage Business grew 46%. Passenger revenue for the quarter rose 19.5% year over year to $14.9 billion, total revenue rose 19.3% to $16.3 billion, but net loss was $269 million, with fuel costs increasing by $1.9 billion. The company expects Q4 revenue to grow 19.5% to 22.5% year over year, with capacity growth of 5.5% to 6.5%.
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- Business Travel NewsAmerican Airlines' Q3 managed corporate travel revenue up 28% year over year
American Airlines reported that third-quarter revenue from its managed corporate segment rose 28% year over year, marking the sixth consecutive quarter of double-digit growth; revenue through travel management company channels rose 27% year over year, and small and medium-sized business AAdvantage Business grew 46%. Passenger revenue for the quarter rose 19.5% year over year to $14.9 billion, total revenue rose 19.3% to $16.3 billion, but net loss was $269 million, and fuel costs increased by $1.9 billion. The company expects fourth-quarter revenue to grow 19.5% to 22.5% year over year, with capacity growth of 5.5% to 6.5%.