On August 28, 2024, an American Airlines plane took off from Ronald Reagan Washington National Airport in Arlington, Virginia.
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American Airlines Chief Executive Robert Isom said the company’s shift in sales strategy earlier this year was paying off and raised its profit forecast for this year.
The airline said it expected fourth-quarter adjusted earnings per share to be between 25 cents and 50 cents, above the 29 cents forecast in an LSEG analyst survey. The airline expects full-year earnings to be as high as $1.60 per share, up from American Airlines’ previous forecast of no more than $1.30 per share.
May in the United States fired The company fired its chief commercial officer after a sales strategy aimed at driving direct bookings backfired and it quickly reverted to much of its sales model.
“We have taken aggressive actions to realign our sales and distribution strategies and regain the attention of the business travel community, which we believe will improve our performance over time,” Isom said in Thursday’s earnings report. Revenue Performance. “We’ve heard great feedback from our travel agents and corporate customers as we work to rebuild the foundation of our business strategy and make it easier for customers to do business with American Airlines. “
Here’s how American’s third-quarter performance compares to Wall Street forecasts compiled by the London Stock Exchange Group (LSEG):
- Earnings per share: Adjustment 30 cents vs. 16 cents
- income: US$13.65 billion, expected US$13.49 billion
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