Shares of American Airlines Group Inc. took a 1.8% hit in premarket trading Wednesday, after the air carrier provided a somewhat downbeat first-quarter...
Shares of American Airlines Group Inc. AAL took a 1.8% hit in premarket trading Wednesday, after the air carrier provided a somewhat downbeat first-quarter profit outlook. Just before the profit outlook, the stock had traded up 0.2%. The company said it expects to adjusted earnings per share of 1 cent to 5 cents for the first quarter; while that is up from previous guidance of breakeven, it compared with the FactSet consensus of 5 cents. The company said first-quarter capacity of 65.
2%. The company said it expects to adjusted earnings per share of 1 cent to 5 cents for the first quarter; while that is up from previous guidance of breakeven, it compared with the FactSet consensus of 5 cents. The company said first-quarter capacity of 65.0 million available seat miles was up 9.2% from a year ago, which was above the midpoint of prior guidance of 8%-to-10% growth. Total revenue per ASM is expected to be up 25.
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