American Airlines swings to a loss, but tops estimates for Q2 forecast
Publishing timestamp: 2024-04-25 10:31:32
Summary
American Airlines swung to a loss in the first quarter, but its forecast for the current period surpassed analysts' estimates. The company expects to earn between $1.15 and $1.45 per share in the second quarter, largely above analyst expectations. Despite the financial results, American remains on track to deliver on its full-year financial targets. The company is affected by Boeing's latest quality control and safety crises, but does not expect a material impact from delays.
Sentiment: MIXED
Tickers: ALK, BA, AAL, UAL, LUV,
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Source: https://www.cnbc.com/2024/04/25/american-airlines-aal-1q-2024-earnings.html