American Airlines Shares Are Up 4% After Forecasting 2024 Profit Largely Above Estimates

Tiger Newspress01-25

(Reuters) - American Airlines Group forecast 2024 profit largely above Wall Street expectations on Thursday as the carrier benefits from strong demand for international travel, sending its shares up 4.31% before the bell.

The company expects full-year adjusted earnings per share to be between $2.25 and $3.25, compared with analysts' estimate of $2.25 per share, according to LSEG data.

U.S. airlines that fly internationally are experiencing a surge in demand for long-haul flights, driven by a robust dollar that is prompting more Americans to consider overseas travel for leisure and recreation.

Airline executives have also flagged bumper revenue during the holiday season, including Thanksgiving and Christmas, as more people choose experiences over purchasing goods.

On Thursday, American Airlines reported a lower fourth-quarter profit of $19 million, or 3 cents per share, compared with $803 million, or $1.14 per share, a year earlier.

Revenue fell 1% to $13.06 billion.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1174995030?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-01-25 20:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1174995030","market":"us","top_or_hot":-1,"title":"American Airlines Shares Are Up 4% After Forecasting 2024 Profit Largely Above Estimates","media":"Tiger Newspress","content":"<html><head></head><body><p>(Reuters) - <a href=\"https://laohu8.com/S/AAL\">American Airlines Group</a> forecast 2024 profit largely above Wall Street expectations on Thursday as the carrier benefits from strong demand for international travel, sending its shares up 4.31% before the bell.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9ffd74a5a525c67dbde9361c56e10072\" tg-width=\"790\" tg-height=\"621\"/></p><p>The company expects full-year adjusted earnings per share to be between $2.25 and $3.25, compared with analysts&#39; estimate of $2.25 per share, according to LSEG data.</p><p>U.S. airlines that fly internationally are experiencing a surge in demand for long-haul flights, driven by a robust dollar that is prompting more Americans to consider overseas travel for leisure and recreation.</p><p>Airline executives have also flagged bumper revenue during the holiday season, including Thanksgiving and Christmas, as more people choose experiences over purchasing goods.</p><p>On Thursday, American Airlines reported a lower fourth-quarter profit of $19 million, or 3 cents per share, compared with $803 million, or $1.14 per share, a year earlier.</p><p>Revenue fell 1% to $13.06 billion.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>American Airlines Shares Are Up 4% After Forecasting 2024 Profit Largely Above Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmerican Airlines Shares Are Up 4% After Forecasting 2024 Profit Largely Above Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n2024-01-25 20:19 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - American Airlines Group forecast 2024 profit largely above Wall Street expectations on Thursday as the carrier benefits from strong demand for international travel, sending its shares up ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAL","symbol_name":"美国航空","start_time":0,"source_url":"","article_id":"1174995030","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1174995030","pubTimestamp":1706185168,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":" - $American Airlines Group$ forecast 2024 profit largely above Wall Street expectations on Thursday as the carrier benefits from strong demand for international travel, sending its shares up 4.31% before the bell.The company expects full-year adjusted earnings per share to be between $2.25 and $3.25, compared with analysts' estimate of $2.25 per share, according to LSEG data.U.S. airlines that fly internationally are experiencing a surge in demand for long-haul flights, driven by a robust dolla","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAL":"美国航空"},"translate_title":"美国航空公司股价上涨4%，此前该公司预测2024年利润远高于预期","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAL":1.1},"content_text":"(Reuters) - American Airlines Group forecast 2024 profit largely above Wall Street expectations on Thursday as the carrier benefits from strong demand for international travel, sending its shares up 4.31% before the bell.The company expects full-year adjusted earnings per share to be between $2.25 and $3.25, compared with analysts' estimate of $2.25 per share, according to LSEG data.U.S. airlines that fly internationally are experiencing a surge in demand for long-haul flights, driven by a robust dollar that is prompting more Americans to consider overseas travel for leisure and recreation.Airline executives have also flagged bumper revenue during the holiday season, including Thanksgiving and Christmas, as more people choose experiences over purchasing goods.On Thursday, American Airlines reported a lower fourth-quarter profit of $19 million, or 3 cents per share, compared with $803 million, or $1.14 per share, a year earlier.Revenue fell 1% to $13.06 billion.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1174995030"}