American Airlines (AAL) Tops Q3 EPS by 22c, Q4 Guidance Beats
American Airlines (NASDAQ: AAL) reported Q3 EPS of $0.69, $0.22 better than the analyst estimate of $0.47. Revenue for the quarter came in at $13.5 billion versus the consensus estimate of $13.31 billion.
GUIDANCE:
American Airlines sees Q4 2022 EPS of $0.50-$0.70, versus the consensus of $0.22.
- American will continue to match its forward capacity with the resources required to support its operation. Based on current trends, the company expects its fourth-quarter total revenue to be 11% to 13% higher versus the fourth quarter of 2019 on 5% to 7% lower capacity. With these demand trends and the current fuel price forecast and excluding the impact of special items, the company expects to produce an operating margin3 of between 5.5% and 7.5% in the fourth quarter. Based on today’s guidance, American expects its fourth-quarter 2022 earnings per diluted share excluding net special items3 to be between $0.50 and $0.70.
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