Earnings

American Airlines (AAL) earnings Q3 2023

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American Airlines CEO Robert Isom: I see robust demand going into 2024

American Airlines posted a third-quarter loss on Thursday and trimmed its profit forecast for the year, partly in response to higher fuel prices.

The carrier said Thursday it expects to earn between $2.25 and $2.50 a share, on an adjusted basis, for the year, down from an estimate in July of $3 to $3.75 but largely in line with analyst expectations. American said it expects a full-year adjusted operating margin of 7%, down from a previous forecast for as wide a margin as 10%.

For the fourth quarter, American estimated it would break even.

Here’s how American Airlines performed in the third quarter compared with what Wall Street anticipated, based on an average of analysts’ estimates…



Source cnbc.com

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