American Airlines faces mixed results with profit estimates and earnings outlook cuts
TL;DR
American Airlines reported better-than-expected adjusted profit for the third quarter and noted strong holiday bookings, driven by robust travel demand. The company's shares rose in premarket trading. However, American Airlines lowered its forecast for the year due to higher expenses, including increased jet fuel prices and costly contracts to retain workers. The carrier expects its fourth-quarter total revenue per available seat mile to decline compared to the previous year.
Topics:top-newsbusiness#american-airlines#business#expenses#holiday-bookings#profit-estimates#travel-demand
- American Airlines beats profit estimates, sees strong holiday bookings Yahoo Finance
- American Airlines posts third-quarter loss and trims 2023 profit forecast CNBC
- United banks on international gains amid fourth quarter headwinds Flightglobal
- American Airlines posts $545 million loss on higher labor costs in a time of big profits for rivals Yahoo News
- American Airlines Cuts Earnings Outlook The Wall Street Journal
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