American Airlines (AAL) tops earnings expectations boosted by strong travel demand
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U.S. airlines forecast strong 2023 travel, costs may dampen outlook
January 26, 2023 7:17 AM ESTBy Aishwarya Nair and Abhijith Ganapavaram
(Reuters) -U.S. airlines expect strong travel demand that drove record fourth-quarter revenues to continue into 2023, but economic uncertainty and burgeoning labor and operations costs could cloud their rosy outlooks.
On Thursday, American Airlines, JetBlue Airways Corp and Alaska Air Group forecast better-than-expected full-year earnings.
Airlines are cashing in as consumers snap up tickets following a pandemic-induced slump, making the industry a rare bright spot as markets grasp with runaway inflation, rising interest rates and economic uncertainty.
American Airlines Chief Executive Robert Isom said post-holiday bookings surged, underpinned by domestic and short-haul... More
American Airlines (AAL) Tops Q4 EPS by 34c, FY23 EPS Guidance Tops Views
January 26, 2023 7:03 AM ESTAmerican Airlines (NASDAQ: AAL) reported Q4 EPS of $1.17, $0.34 better than the analyst estimate of $0.83. Revenue for the quarter came in at $13.2 billion versus the consensus estimate of $12.88 billion.
GUIDANCE:
American Airlines sees FY2023 EPS of $2.50-$3.50, versus the... More
