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American Airlines Shares Hit On Wider Q3 Loss, Cautious Outlook On Fuel Costs, Despite Strong Demand

American Airlines Shares Hit On Wider Q3 Loss, Cautious Outlook On Fuel Costs, Despite Strong Demand

Shares of American Airlines Group Inc. were losing around 4 percent in pre-market activity on the Nasdaq, after the airline reported Thursday wider net loss in its third quarter, issued loss warning for the fourth quarter, and revised fiscal 2026 outlook to expect loss, mainly on surging fuel costs. Quarterly revenues, however, climbed from last year, and the firm sees continuing growth.
RTTNews | 7 hari yang lalu
US Airlines, Unions Urge Govt To Pause Addl. Flights Between US And China

US Airlines, Unions Urge Govt To Pause Addl. Flights Between US And China

Major airlines in the United States, along with its various unions, urged the Biden Administration to pause additional passenger flights between the country and China, citing anti-competitive policies of the Chinese government. Following the news, most of China-based airlines were trading lower on Friday. Air China Ltd shares fell 2.9 percent, while China Eastern Airlines Corp. Ltd. dropped 2.5
RTTNews | 930 hari yang lalu
American Airlines Boosts FY23 Outlook As Q3 Results Top Estimates

American Airlines Boosts FY23 Outlook As Q3 Results Top Estimates

American Airlines reported Thursday a net profit for the second quarter that almost tripled from last year, reflecting operating revenue growth and lower operating expense, primarily aircraft fuel expenses. Adjusted earnings per share and quarterly operating revenues topped analysts' estimates. The company also raised its outlook for the full-year 2023.
RTTNews | 1197 hari yang lalu
American Airlines Group Promotes Devon May To Succeed Derek Kerr As CFO

American Airlines Group Promotes Devon May To Succeed Derek Kerr As CFO

American Airlines Group, Inc. (AAL) announced Tuesday that Devon May has been named Chief Financial Officer, effective January 1, 2023, following a long-planned succession process. May, who is currently the airline's senior vice president of Finance and Investor Relations, will report to American's CEO Robert Isom.
RTTNews | 1416 hari yang lalu
American Airlines Boosts Q2 System Capacity Outlook

American Airlines Boosts Q2 System Capacity Outlook

American Airlines Group Inc. (AAL) on Tuesday revealed in a Form 8-K filing that it now expects second-quarter system capacity (total available seat miles or ASMs) to be down about 8.5 percent from 2019 to about 66.2 billion ASMs, up from the prior guidance for a decline of about 7 to 8 percent.
RTTNews | 1570 hari yang lalu