Key Highlights for American Airlines Q1 2024 Earnings Report

Friday, 19 April 2024, 17:55

American Airlines Group Inc. (NASDAQ: AAL) is set to reveal its Q1 2024 earnings. Analysts suggest a growth in revenue of over 3% compared to the previous year. The airline projects an adjusted loss per share at the low end of its range, emphasizing factors affecting business travel and revenue generation.
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Key Highlights for American Airlines Q1 2024 Earnings Report

What to Expect:

Analysts project over 3% revenue growth for AAL in Q1 2024.

Earnings:

  • AAL anticipates an adjusted loss per share at the lower end of forecasted $0.15-0.35.
  • Analysts estimate a loss of $0.29 per share, contrary to $0.05 EPS in the prior year.

Key Points:

  1. The surge in business travel may boost American Airlines' performance in Q1.
  2. TRASM is expected to decrease 3.5-5.5% year-over-year.
  3. Capacity and fuel costs are also poised for notable changes.

The AAdvantage program's strong performance among small to medium businesses remains a positive factor for AAL.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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