American Airlines shares jump nearly 10% after airline hikes revenue and profit outlook
Publishing timestamp: 2023-01-12 12:17:54
Summary
American Airlines shares surged Thursday after the carrier hiked its revenue and profit estimates for the fourth quarter due to strong demand and high fares. American said in a securities filing that revenue rose as much as 17% over the same period in 2019, up from its previous forecast of 11-13%. Other carriers are also looking for ways to reduce expenses, such as JetBlue Airways telling pilots to conserve fuel and pack light.
Sentiment: POSITIVE
Tickers: JBLU, AAL, .SPX, DAL,
Keywords: united states, jetblue airways corp, life, s&p 500 index, aerospace and defense industry, business, travel, airlines, business news, markets, american airlines group inc, delta air lines inc, transportation, breaking news: business,
Source: https://www.cnbc.com/2023/01/12/american-airlines-hikes-revenue-estimates.html