American Airlines posts third-quarter loss and trims 2023 profit forecast
Publishing timestamp: 2023-10-19 12:51:40
Summary
American Airlines posted a third-quarter loss and lowered its profit forecast for the year due to higher fuel prices. The company expects to earn between $2.25 and $2.50 per share for the year, down from the previous estimate. The adjusted operating margin forecast was also reduced. Despite a resurgence in travel, fares have dropped, and the company expects unit revenue to decrease in the fourth quarter. American Airlines reported a loss of $545 million for the third quarter.
Sentiment: NEGATIVE
Tickers: AAL,
Keywords: business, airlines, breaking news: business, transportation, dividends, american airlines group inc, travel, breaking news: earnings, markets, business news, earnings, breaking news: markets, aerospace and defense industry, life,
Source: https://www.cnbc.com/2023/10/19/american-airlines-aal-earnings-q3-2023.html