Earnings

American Airlines shares tumble as outlook falls short

In this article

An American Airlines Boeing 787-8 Dreamliner departs from Los Angeles International Airport en route to Tokyo on September 19, 2024 in Los Angeles, California. 
Kevin Carter | Getty Images

American Airlines‘ first-quarter earnings outlook on Thursday fell short of analysts’ estimates, sending shares down more than 6%.

The carrier forecast an adjusted loss per share of 20 cents to 40 cents for the first three months of 2025 based on current demand trends and fuel-price forecast, a wider loss than the 4 cents analysts were expecting, according to LSEG.

The airline said it expects unit costs, excluding fuel, to rise in the low-single digit percentage points over the first quarter of 2024 driven by lower capacity, which it expects to fall as much as 2% over last year.

Here is how American performed in the fourth quarter compared with Wall Street estimates compiled by LSEG:

  • Earnings per share: 86 cents adjusted vs. 64 cents
  • Revenue: $13.66 billion vs. $13.40 billion expected

American’s fourth-quarter profit rose to $590 million from $19 million on sales that were up 4.6% on the year to $13.66 billion. Both domestic and international revenue rose, led by a surge in trans-Pacific revenue.

This is breaking news. Check back for updates.

Articles You May Like

FIS shares plunge most since 2023 on disappointing revenue, guidance miss
Wholesale egg prices have ‘blown way past’ record highs, analyst says
A Roth IRA offers a ‘longer runway for tax-free investing,’ advisor says. Here’s how to use it
Super Bowl 59 attracts record 127.7 million viewers
The IRS has issued 3.2 million tax refunds this year. Here’s the average payment

Leave a Reply

Your email address will not be published. Required fields are marked *