American Airlines Expecting Q1 Loss to Hit Low End of Forecast Amid Fuel Price Hike
Tuesday, 12 March 2024, 12:02
American Airlines Updates Q1 Earnings Forecast
American Airlines (AAL) has revised its earnings forecast for the first quarter of 2024. The airline expects the adjusted loss per share to be at the low end of its prior guidance, owing to the increased fuel costs.
Impact of Rising Fuel Prices
The surge in fuel prices has significantly affected American Airlines' financial performance. As a result, the company is projecting a lower-than-expected loss for the quarter.
- Adjusted Loss Per Share: Expected at the low end of previous guidance
- Reason: Escalating fuel costs
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.