An American Airlines Boeing 787-8 Dreamliner takes off from Los Angeles International Airport en route to Tokyo on September 19, 2024 in Los Angeles, California.
Kevin Carter | Getty Images
American airlinesThe first-quarter earnings outlook on Thursday came in below analysts’ estimates, sending shares down more than 6%.
The carrier projects an adjusted loss per share of 20 to 40 cents for the first three months of 2025, based on current demand trends and fuel price forecasts, a wider loss than the 4 cents expected by analysts , according to LSEG.
The airline said it expects unit costs, excluding fuel, to increase by a low single-digit percentage during the first quarter of 2024, driven by lower capacity, which is expected to decline up to 2% compared to last year.
Here’s American’s fourth-quarter performance compared to Wall Street estimates compiled by LSEG:
American’s fourth-quarter profit rose to $590 million, up from $19 million on sales up 4.6 percent on the year to $13.66 billion. Domestic and international revenues have increased, driven by an increase in transpacific revenues.
This is breaking news. Check back for updates.
North KoreaThe soldiers are implacable, almost fanatical, faced with death. They are determined and capable…
The Dogecoin whales have sold another important part of their assets in the last 24…
Columbus, Ohio - The news from Chip Kelly on Sunday leave Ohio State Football to…
Kanye West and his wife Bianca Censori the exchange during their scandalous appearance on the…
Brussels (AP) - The Prime Minister of Denmark insisted on Monday that Greenland is not…
Washington (7news) - The United States crews and rescuers have recovered more victims of the…