American Airlines forecasts bigger first-quarter loss
Tweet
Share
E-mail
FILE PHOTO: An American Airlines Airbus A321 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike Blake/File Photo
(Reuters) - American Airlines on Tuesday forecast a bigger first-quarter loss, amid concerns that tariff pressures and government spending uncertainties could dampen travel demand.
The airline now expects adjusted loss per share in the range of about 60 cents to 80 cents, compared with its previous forecast for a loss of about 20 cents to 40 cents.
(Reporting by Shivansh Tiwary in Bengaluru; Editing by Devika Syamnath)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump to meet travel executives from American, Marriott, MGM
- Jefferies raises long-term uranium prices outlook
- Guidewire shares tumble on weak first quarter guidance
Create E-mail Alert Related Categories
General News, Guidance, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
