American Airlines Boosts FY23 Outlook As Q3 Results Top Estimates

RTTNews | Před 487 dny

(RTTNews) - American Airlines Group, Inc. (AAL) 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.

"Our operation is performing at historically strong levels, and we have worked to refresh our fleet and build a comprehensive global network, all of which helped to produce record revenues in the second quarter," said CEO Robert Isom.

American and its regional partners operated nearly 500,000 flights in the second quarter, with an average load factor of approximately 86 percent.

In the second quarter, American achieved its best-ever April, May and June controllable completion factors and delivered 11 more combined zero-cancellation days versus the same period last year.

For the second quarter, net income soared to $1.34 billion or $1.88 per share from $476 million or $0.68 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $1.92 per share, compared to $0.76 per share in the year-ago quarter.

On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $1.58 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues for the quarter grew 4.7 percent to a record $14.06 billion from $13.42 billion in the same quarter last year, driven by continued broad-based demand strength and American's completion factor performance in the quarter. Analysts expected revenues of $13.74 billion for the quarter.

Looking ahead, the company expects adjusted earnings for the third quarter in a range of $0.85 to $0.95 per share, while the Street is looking for $0.90 per share.

For fiscal 2023, the company raised its adjusted earnings to a range of $3.00 to $3.75 per share from the prior forecast range of $2.50 to $3.50 per share. Analysts expect annual earnings of $3.08 per share.

"We will build on this momentum the rest of the year and continue to prioritize reliability, profitability, accountability and strengthening our balance sheet," Isom added.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Značky : AAL

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 | Před 220 dny

JetBlue Announces Next Steps On Wind Down Of Northeast Alliance With American Airlines

JetBlue Airways Corp. (JBLU) announced Friday the next steps of the wind down of its Northeast Alliance with American Airlines, Inc., a subsidiary of American Airlines Group Inc. (AAL).

RTTNews | Před 493 dny

American Airlines To Launch Proposed Offering Of $750 Mln Of Senior Secured Notes Due 2028

American Airlines, Inc., a subsidiary of American Airlines Group Inc. (AAL), announced Wednesday a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2028. The Notes will be guaranteed on a senior unsecured basis by American Airlines Group.

RTTNews | Před 649 dny

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 | Před 706 dny

American Airlines Q3 Results Top Estimates; Guides Q4 Adj. EPS Well Above View

American Airlines Group, Inc. (AAL) reported Thursday that net income for the third quarter soared to $483 million or $0.69 per share from $169 million or $0.25 per share in the prior-year quarter.

RTTNews | Před 760 dny

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 | Před 860 dny

Higher Open Anticipated For Thai Stock Market

The Thai stock market on Monday ended the two-day losing streak in which it had slumped almost 10 points or 0.8 percent. The Stock Exchange of Thailand now sits just above the 1,450-point plateau and it's got a positive lead again for Tuesday's trade. The global forecast for the Asian markets is cautiously optimistic, with technology and oil stocks expected to lead the way higher. The European and U.S. markets were mostly higher and the Asian bourses are also likely to open to the upside.

RTTNews | Před 5 h 24 min

Indonesia Stock Market Due For Support On Tuesday

The Indonesia stock market has finished lower in four straight sessions, shedding almost 190 points or 2.5 percent along the way. The Jakarta Composite Index now rests just beneath the 7,135-point plateau although it may stop the bleeding on Tuesday. The global forecast for the Asian markets is cautiously optimistic, with technology and oil stocks expected to lead the way higher. The European and U.S. markets were mostly higher and the Asian bourses are also likely to open to the upside. The JCI finished modestly lower on Monday following losses from the financial shares and mixed performances from the cement and resource companies. For the day, the index shed 26.98 points or 0.38 percent to finish at 7,134.28 after trading between 7,118.87 and 7,174.75. Among the actives, Bank CIMB Niaga sank 0.84 percent, while Bank Mandiri fell 0.39 percent, Bank Danamon Indonesia shed 0.40 percent, Bank Negara Indonesia declined 0.81 percent, Bank Central Asia tumbled 1.72 percent, Bank Rakyat Indonesia tanked 2.68 percent, Indosat Ooredoo Hutchison dropped 0.88 percent, Indocement lost 0.72 percent, Semen Indonesia rose 0.28 percent, United Tractors surrendered 2.64 percent, Astra International dipped 0.20 percent, Energi Mega Persada rallied 3.15 percent, Astra Agro Lestari stumbled 2.70 percent, Aneka Tambang slid 0.36 percent, Jasa Marga slumped 0.44 percent, Vale Indonesia plunged 3.40 percent, Timah retreated 0.76 percent, Bumi Resources surged 2.68 percent and Bank Maybank Indonesia and Indofood Sukses Makmur were unchanged.

RTTNews | Před 5 h 54 min

EURUSD	1.05898	GBPUSD	1.26723	AUDUSD	0.65067
USDJPY	154.227	USDCAD	1.40233	USDCHF	0.88342