On September 19, 2024, an American Airlines Boeing 787-8 Dreamliner took off from Los Angeles International Airport bound for Tokyo in Los Angeles, California.
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American AirlinesThe company’s first-quarter profit outlook fell short of analysts’ expectations on Thursday, sending its shares down more than 6%.
According to LSEG, based on current demand trends and fuel price forecasts, the airline expects an adjusted loss per share of 20 cents to 40 cents in the first three months of 2025, which is wider than the 4 cents expected by analysts.
The airline said it expects unit costs, excluding fuel, to rise by a low-single-digit percentage in the first quarter of 2024 due to lower capacity, which is expected to be 2% lower than last year.
Here’s how American’s fourth-quarter performance compares to Wall Street forecasts compiled by the London Stock Exchange Group (LSEG):
- Earnings per share: Adjusted 86 cents vs. 64 cents
- income: $13.66 billion vs. $13.4 billion expected
American Airlines’ fourth-quarter profit increased from US$19 million to US$590 million, with sales increasing 4.6% year-on-year to US$13.66 billion. Domestic and international revenue grew, led by a surge in trans-Pacific revenue.
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