American Airlines Group Net Revenues.
Net Revenue of American Airlines Group 2002-2021
Dollar amounts are in millions.
|Year||Net Revenues ($m)|
2021: While the net revenues of American Airlines increased in 2021 compared to the previous year, it has still not returned to the prepandemic level. The company generated $29,882 million in net revenues in 2021 compared to $17,337 million in 2020. However, its net revenues in 2019 were $45,768 million, which was the highest in its history.
In 2021, the passenger revenues of the American Airlines Group were equal to $26,063 million compared to $14,518 million in 2020. Its cargo revenues were $1,314 million compared to $769 million in 2020.
The net revenues of AAG (American Airlines) grew to $44.54 billion dollars in 2018 from $42.62 billion dollars in 2017.
American Airlines Business Overview : -
American Airlines Group Inc. (AAG), a Delaware corporation, is a holding company and its principal, wholly-owned subsidiaries are American Airlines, Inc. (American), Envoy Aviation Group Inc. (Envoy), PSA Airlines, Inc. (PSA) and Piedmont Airlines, Inc. (Piedmont). AAG was formed in 1982 under the name AMR Corporation (AMR) as the parent company of American, which was founded in 1934. AAG’s and American’s headquarters are located at 4333 Amon Carter Boulevard, Fort Worth, Texas 76155 .
The main business of American Airlines is the operation of a major network carrier, which provides scheduled air transportation for passengers and cargo. Together with its wholly-owned regional airline subsidiaries and third-party regional carriers operating as American Eagle, its airline operates an average of nearly 6,700 flights daily to nearly 350 destinations in more than 50 countries through hubs and gateways in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C.
In 2018, around 204 million passengers boarded AAG's flights. During 2018, the company launched new seasonal nonstop service to Budapest, Hungary and Prague, Czech Republic from Philadelphia International Airport (PHL), to Venice, Italy from Chicago O’Hare International Airport (ORD) and to Reykjavik-Keflavik, Iceland from Dallas/Fort Worth International Airport (DFW), further expanding its global footprint. It also announced new seasonal nonstop services beginning in summer 2019 between PHL and Dubrovnik, Croatia, Berlin, Germany and Bologna, Italy.