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Did American Airlines report $822 million in 2023 profits before laying off hundreds of North Texas employees?

By Haley Samsel
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YES

Fort Worth-based American Airlines announced Jan. 29, 2024, that it was laying off 321 Dallas-Fort Worth employees and 335 Phoenix employees from its customer service teams in an effort to improve the customer experience moving forward.

Currently, American Airlines has multiple teams dedicated to services such as assistance with lost or damaged luggage and loyalty program issues. The company is creating a new all-encompassing “customer success team” division staffed by 135 workers. It is intended to help customers resolve their problems with fewer steps. Those laid off will be offered positions with the division before American Airlines begins accepting other applicants.

Four days prior, on Jan. 25, 2024, the company announced a 2023 net income of $822 million after taxes. Net income increased from $803 million in 2022. American Airlines reported a net loss of $2 billion in 2021, citing pandemic conditions as a factor.

This fact brief is responsive to conversations such as this one.
Sources
American Airlines American Airlines reports fourth-quarter and full-year 2023 financial results
American Airlines American Airlines reports fourth-quarter and full-year 2022 financial results
American Airlines American Airlines Reports Fourth-Quarter and Full-Year 2021 Financial Results
The Dallas Morning News American Airlines laying off 321 D-FW employees in customer support overhaul
USA Today American Airlines to lay off 656 employees to provide 'elevated' customer service
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Fact briefs are short, credibly sourced summaries that offer “yes/no” answers in response to claims found online. They rely on publicly available, often primary source data and documents. Fact briefs are created by contributors to Gigafact —a nonprofit project looking to expand participation in fact-checking and protect the democratic process. See all fact briefs here.