American Airlines has announced strong second-quarter results, exceeding analysts’ expectations with a 13% increase in revenue compared to the same period last year. The airline reported $13.4 billion in revenue for the quarter, driven by robust travel demand and higher fares.

However, the airline also faced headwinds in the form of rising operating costs, including fuel prices and labor expenses. This resulted in a net income of $1.1 billion, slightly lower than the $1.2 billion reported in the previous quarter.

Despite the cost pressures, American Airlines remains optimistic about the future, citing continued strong demand for air travel. The airline is also focusing on improving operational efficiency and reducing costs to further enhance profitability.

Key highlights from the Q2 results include:

• Revenue: $13.4 billion, up 13% year-over-year
• Net Income: $1.1 billion
• Operating Margin: 11.6%
• Passenger Revenue: $12.3 billion, up 14% year-over-year
• Capacity: Up 5.5% compared to Q2 2023

American Airlines CEO Robert Isom expressed confidence in the airline’s performance, stating that the company is well-positioned to navigate the current economic environment and capitalize on the continued growth in air travel demand.

The airline’s strong Q2 results have been welcomed by investors, with shares rising in after-hours trading.