American Airways Group Inc. (AAL) Goldman Sachs Industrials and Supplies Convention 2025 December 3, 2025 4:05 PM EST
Firm Contributors
Devon Might – Govt VP & CFO
Convention Name Contributors
Catherine O’Brien – Goldman Sachs Group, Inc., Analysis Division
Presentation
Catherine O’Brien
Goldman Sachs Group, Inc., Analysis Division
Good afternoon, everybody. Thanks a lot for staying with us immediately, remaining panel of the day, all the time an thrilling time. I am Catie O’Brien. I am the lead fairness analyst protecting the U.S. airways and the plane leasing corporations. Immediately, I’ve the nice pleasure of talking with Devon Might, Chief Monetary Officer of American Airways. Thanks a lot for being with us, Devon.
Devon Might
Govt VP & CFO
Nicely, thanks for having me.
Catherine O’Brien
Goldman Sachs Group, Inc., Analysis Division
After all. And I feel you wished to begin with simply a few minutes of ready remarks, then we’ll soar in.
Devon Might
Govt VP & CFO
Positive. That is nice. I would just begin by saying we’re actually enthusiastic about 2026. We’re prepared to show the calendar and head into our centennial yr. We predict the corporate is extremely nicely arrange. And simply ranging from a finance perspective, there’s been loads of nice progress on the steadiness sheet. This has been a multiyear effort since we got here out of COVID, however we had debt ranges of $54 billion when it peaked out in COVID. We have decreased that. We hit our first goal, which was to scale back it by $15 billion by the top of 2025. We achieved that in 2024. We have set one other goal now to get whole debt beneath $35 billion by the top of 2027, and we’re making very nice progress there. We proceed to be a pacesetter when it comes to value effectivity. It is an effort that we name reengineering the enterprise, however now we have a bunch arrange that is successfully a metamorphosis
