American Airlines ekes out a first-quarter profit as carrier ramps up flying
Publishing timestamp: 2023-04-27 10:16:09
Summary
American Airlines posted a $10 million profit in the first quarter of 2021 as revenue rose 37% to $12.19 billion, outpacing higher costs. The company's adjusted per-share earnings for the quarter were in line with analysts' expectations. For the second quarter, American Airlines forecasts adjusted per-share earnings at the high end of analysts' expectations, but expects revenue per available seat mile to come in 2% to 4% lower than last year due to hindrances in growth caused by late aircraft deliveries from manufacturers.
Sentiment: NEUTRAL
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Source: https://www.cnbc.com/2023/04/27/american-airlines-aal-earnings-q1-2023.html