American Airlines cut its annual profit forecast on Thursday as uneven demand trends and overcapacity in certain markets dampened the carrier’s pricing power, sending its shares down 8% in premarket trading.
American Airlines cut its annual profit forecast on Thursday as uneven demand trends and overcapacity in certain markets dampened the carrier’s pricing power, sending its shares down 8% in premarket trading.
American Airlines cut its annual profit forecast on Thursday as uneven demand trends and overcapacity in certain markets dampened the carrier’s pricing power, sending its shares down 8% in premarket trading.
American Airlines on Tuesday cut its second-quarter profit forecast on weaker pricing power, sending its shares of down about 8% in pre-market trading on Wednesday.
American Airlines swung to a loss in the first quarter.
American Airlines stock was rising solidly Thursday after the company provided 2024 earnings estimates above Wall Street consensus.
American Airlines posted a third-quarter loss on Thursday and trimmed its profit forecast for the year.
American Airlines and Spirit Airlines on Wednesday joined other carriers in warning that higher costs will hit profits during the bustling summer quarter.
American Airlines raised its earnings outlook for 2023 after a strong start to the peak travel season.
JetBlue JBLU +3.67% Airways ended its alliance with American Airlines Wednesday, choosing not to appeal against a court ruling ordering the pair to unwind their partnership.