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

RTTNews | hace 1088
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

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 | hace 548
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 | hace 815
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 | hace 1034
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 | hace 1188
Sensex, Nifty Open Lower On Weak Global Cues

Sensex, Nifty Open Lower On Weak Global Cues

Indian shares were moving lower on Monday, tracking weak cues from global markets as signs of escalation of the trade war between U.S. and China sapped investors' appetite for riskier assets.
RTTNews | hace 33 minutos
Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintaining its early losses in mid-market trading on Monday, adding to the slight losses in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to the 8,900.00 level, with weakness across most sectors led by energy and technology stocks. Gold was the only bright spot.
RTTNews | hace 1h 25min