American Airlines Group, Inc. (AAL) Q1 2023 Earnings Call Transcript

American Airlines Group, Inc. (NASDAQ:AAL) Q1 2023 Results Earnings Conference Call April 27, 2023 8:30 AM ET

Company Participants

Scott Long - Managing Director, Investor Relations

Robert Isom - Chief Executive Officer

Devon May - Chief Financial Officer

Vasu Raja - Chief Commercial Officer

Ganesh Jayaram - Chief Digital and Information Officer

Conference Call Participants

David Vernon - Bernstein Research

Helane Becker - TD Cowen

Duane Pfennigwerth - Evercore ISI

Andrew Didora - Bank of America

Ravi Shanker - Morgan Stanley

Conor Cunningham - Melius Research

Michael Linenberg - Deutsche Bank

Jamie Baker - J.P. Morgan

Alison Sider - The Wall Street Journal

Mary Schlangenstein - Bloomberg

Leslie Josephs - CNBC

Operator

Thank you for standing by, and welcome to American Airlines Group's First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions.

I would now like to hand the call over to Scott Long, Vice President of Investor Relations and Corporate Development. Please go ahead.

Scott Long

Thank you, Atif. And good morning, everyone. Welcome to the American Airlines Group first quarter 2023 earnings conference call. On the call this morning with prepared remarks, we have our CEO, Robert Isom, our CFO, Devon May, and a number of our other senior executives are also in the room for the Q&A session.

Robert is going to start the call this morning with an overview of our performance and Devon's will follow with details on the first quarter and we'll outline our operating plans and outlook going forward. After our prepared remarks, we'll open the call for analyst questions, followed by questions from the media. To get in as many questions as possible, please limit yourself to one question and one follow-up.

And before we begin today, we must state that today's call contains forward-looking statements, including statements concerning future revenues, costs, forecast of capacity and fleet plans. These statements represent our predictions and expectations of future events. The numerous risks and uncertainties could cause actual results to differ from those projected. Information about some of these risks and uncertainties can be found in our earnings press release that was issued this morning as well as our Form 10-Q for the quarter ended March 31, 2023.

In addition, we'll be discussing certain non-GAAP financial measures this morning, which exclude the impact of unusual items. A reconciliation of those numbers to the GAAP financial measures is included in the earnings press release, which can be found in the Investor Relations section of our website. A webcast of this call will also be archived on our website. The information we're giving you on the call this morning is as of today's date, and we undertake no obligation to update the information subsequently.