American Airlines Group Inc (AAL)

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American Airlines sets first dividend since 1980 as revenue rises
08:59 AM ET · AAL

American Airlines (NASDAQ:AAL) -1.4% premarket after saying it posted the highest quarterly profit in the company’s history, and will pay its first dividend since 1980, highlighting a transformation since the airline emerged from bankruptcy and combined with US Airways.
The $0.10/share quarterly payout is part of a capital deployment plan that includes more than $2.8B in debt and aircraft lease prepayments and $1B in stock buybacks.
In addition, AAL says it will make supplemental contributions of $600M to its defined benefit plans this year, above the $120M minimum required contribution.
During the quarter, AAL's passenger revenue per available seat mile rose 5.9% on a combined basis, while its load factor, or the portion of seats filled, fell to 84.3% from 85.3%.
Q2 pretax margins were 12.8%, vs. 7.4% a year earlier, on a combined basis.
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