Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2020

Selected Quarterly Financial Information [Line Items]

Unaudited summarized financial data by quarter for 2020 and 2019 (in millions, except share and per share amounts):


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2020
Operating revenues	$	8,515	$	1,622	$	3,173	$	4,027
Operating expenses	11,064		4,108		6,044		6,542
Operating loss	(2,549)		(2,486)		(2,871)		(2,515)
Net loss	(2,241)		(2,067)		(2,399)		(2,178)
Loss per share:
Basic and diluted	$	(5.26)	$	(4.82)	$	(4.71)	$	(3.81)
Shares used for computation (in thousands):
Basic and diluted	425,713		428,807		509,049		571,984

2019
Operating revenues	$	10,584	$	11,960	$	11,911	$	11,313
Operating expenses	10,209		10,807		11,103		10,584
Operating income	375		1,153		808		729
Net income	185		662		425		414
Earnings per share:
Basic	$	0.41	$	1.49	$	0.96	$	0.95
Diluted	$	0.41	$	1.49	$	0.96	$	0.95
Shares used for computation (in thousands):
Basic	451,951		445,008		441,915		434,578
Diluted	453,429		445,587		442,401		435,659

Our fourth quarter 2020 results included $36 million of total pre-tax net special items driven principally by mark-to-market net unrealized gains and losses associated with certain equity investments and treasury rate lock derivative instruments.

Our fourth quarter 2019 results included $108 million of total pre-tax net special items that principally included $85 million of merger integration expenses and $39 million of fleet restructuring expenses, offset in part by $42 million of mark-to-market net unrealized gains associated with certain equity investments and treasury rate lock derivative instruments.

American Airlines, Inc.

Selected Quarterly Financial Information [Line Items]

Quarterly Financial Data (Unaudited)

Unaudited summarized financial data by quarter for 2020 and 2019 (in millions):


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2020
Operating revenues	$	8,514	$	1,622	$	3,172	$	4,027
Operating expenses	11,050		4,063		5,981		6,465
Operating loss	(2,536)		(2,441)		(2,809)		(2,438)
Net loss	(2,169)		(1,968)		(2,276)		(2,037)

2019
Operating revenues	$	10,581	$	11,958	$	11,910	$	11,312
Operating expenses	10,236		10,831		11,082		10,565
Operating income	345		1,127		828		747
Net income	230		714		508		520

American’s fourth quarter 2020 results included $36 million of total pre-tax net special items driven principally by mark-to-market net unrealized gains and losses associated with certain equity investments and treasury rate lock derivative instruments.

American’s fourth quarter 2019 results included $108 million of total pre-tax net special items that principally included $85 million of merger integration expenses and $39 million of fleet restructuring expenses, offset in part by $42 million of mark-to-market net unrealized gains associated with certain equity investments and treasury rate lock derivative instruments.