American Airlines Q3 Results Top Estimates; Guides Q4 Adj. EPS Well Above View

RTTNews | Před 1089 dny
American Airlines Q3 Results Top Estimates; Guides Q4 Adj. EPS Well Above View

(RTTNews) - American Airlines Group, Inc. (AAL) reported Thursday that net income for the third quarter soared to $483 million or $0.69 per share from $169 million or $0.25 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $0.69 per share, compared to adjusted loss of $0.99 per share last year.

On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $0.56 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues for the quarter surged 50.1 percent to $13.46 billion from $8.97 billion in the same quarter last year. It increased only 13 percent over the same period in 2019. Analysts expected revenues of $13.42 billion for the quarter.

Looking ahead, the company expects adjusted earnings for the fourth quarter in a range of $0.50 to $0.70 per share, while the Street is looking for $0.22 per share.

Based on current trends, the company also expects its fourth-quarter total revenue to be 11% to 13% higher versus the fourth quarter of 2019 on 5% to 7% lower capacity.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Značky : AAL
read more
US Airlines, Unions Urge Govt To Pause Addl. Flights Between US And China

US Airlines, Unions Urge Govt To Pause Addl. Flights Between US And China

Major airlines in the United States, along with its various unions, urged the Biden Administration to pause additional passenger flights between the country and China, citing anti-competitive policies of the Chinese government. Following the news, most of China-based airlines were trading lower on Friday. Air China Ltd shares fell 2.9 percent, while China Eastern Airlines Corp. Ltd. dropped 2.5
RTTNews | Před 549 dny
American Airlines Boosts FY23 Outlook As Q3 Results Top Estimates

American Airlines Boosts FY23 Outlook As Q3 Results Top Estimates

American Airlines reported Thursday a net profit for the second quarter that almost tripled from last year, reflecting operating revenue growth and lower operating expense, primarily aircraft fuel expenses. Adjusted earnings per share and quarterly operating revenues topped analysts' estimates. The company also raised its outlook for the full-year 2023.
RTTNews | Před 816 dny
American Airlines Group Promotes Devon May To Succeed Derek Kerr As CFO

American Airlines Group Promotes Devon May To Succeed Derek Kerr As CFO

American Airlines Group, Inc. (AAL) announced Tuesday that Devon May has been named Chief Financial Officer, effective January 1, 2023, following a long-planned succession process. May, who is currently the airline's senior vice president of Finance and Investor Relations, will report to American's CEO Robert Isom.
RTTNews | Před 1035 dny
American Airlines Boosts Q2 System Capacity Outlook

American Airlines Boosts Q2 System Capacity Outlook

American Airlines Group Inc. (AAL) on Tuesday revealed in a Form 8-K filing that it now expects second-quarter system capacity (total available seat miles or ASMs) to be down about 8.5 percent from 2019 to about 66.2 billion ASMs, up from the prior guidance for a decline of about 7 to 8 percent.
RTTNews | Před 1189 dny
Australian Market Modestly Higher In Mid-market

Australian Market Modestly Higher In Mid-market

The Australian stock market is back in the green in mid-market trading on Tuesday, after alternating across the unchanged line, reversing the losses in the previous two sessions, following the positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving near the 8,900 level, with gains in mining and energy stocks partially offset by weakness in financial and technology stocks.
RTTNews | Před 32 minutami
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, on renewed optimism over U.S.-China trade talks and optimism about further interest rate cuts amid the ongoing U.S. government shutdown along with the intensifying Russia-Ukraine war. Asian markets closed mostly lower on Monday.
RTTNews | Před 48 minutami