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Airline stocks edge lower on American, Southwest Airlines results

July 25, 2024 9:37 AM EDT

Shares of major airlines plummeted on Thursday following disappointing earnings reports from American Airlines (NASDAQ: AAL) and Southwest Airlines (NYSE: LUV).

Both carriers topped earnings expectations. However, American missed the consensus estimate for revenue and cut its full-year earnings guidance to $0.70 to $1.30 per share, well below the previous range of between... More