American Airlines Group plans to focus on high revenue market growth, reliable operations in 2020

    American Airlines Group reported (23-Jan-2020) plans to focus on operational excellence, efficient and profitable growth and the generation of significant free cash flow in 2020. American Airlines Group CEO Doug Parker noted that while 4Q2019 results “reflect this progress”, “there is more work to be done”. A reliable operation is expected to significantly drive the likelihood of passengers recommending the carrier, while growth in high revenue markets where the carrier has a “competitive advantage” will create at or above average unit revenues. “These initiatives combined with our capital plan will enable us to drive significant free cash flow in 2020 and beyond”, he noted, meaning the carrier will also be able to return capital to its shareholders. [more – original PR]