American says 80% of 2024 revenue will come from loyalty program members and premium cabins
Publishing timestamp: 2024-03-04 12:41:33
Summary
American Airlines expects 80% of its revenue in 2024 to come from loyalty program members and passengers in premium cabins. The airline plans to expand its domestic first-class seats on older aircraft but declined to provide profit or revenue forecasts for the first quarter or full year. Analysts are projecting earnings per share of $2.56 and revenue of $54.97 billion in 2024. American Airlines shares fell nearly 4% in midday trading.
Sentiment: NEUTRAL
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Source: https://www.cnbc.com/2024/03/04/american-2024-forecast-investor-day.html