American Airlines (AAL) Tops Q2 EPS by 2c, Lowers FY Guidance

American Airlines (NASDAQ: AAL) reported Q2 EPS of $1.09, $0.02 better than the analyst estimate of $1.07. Revenue for the quarter came in at $14.3 billion versus the consensus estimate of $14.39 billion.

GUIDANCE:

American Airlines sees FY2024 EPS of $0.70-$1.30, versus the consensus of $1.81.

• American has taken aggressive action to improve its revenue performance, however, the company’s previous sales and distribution strategy will continue to impact its revenue performance and earnings through the remainder of the year. Accounting for these impacts and based on present demand trends, the current fuel price forecast and excluding the impact of special items, the company expects its third-quarter 2024 adjusted earnings per diluted share4 to be approximately breakeven. The company now expects its full-year 2024 adjusted earnings per diluted share4 to be between $0.70 and $1.30.

For earnings history and earnings-related data on American Airlines (AAL) click here.

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