American Airlines also highlighted how, helped by record free cash flow of $2.2 billion, it had made big progress in meeting its debt reduction targets from its 2021 peak. According to American Airlines’ 2024 financial report, lowering debt levels will remain a priority for American Airlines’ management during this fiscal year.

With American Airlines (NASDAQ:AAL) set to post results on Thursday, analysts are expecting a positive quarter from the U.S. carrier, fueled by strong travel demand during the holidays. Wall Street expects the Texas-based airline company to post EPS of $0.

American reported an 8% increase in business travel revenue and negotiated new deals with several travel agencies.