American Airlines Group (NASDAQ:AAL) reported better-than-expected second-quarter earnings on Thursday, but its shares fell more than 5% in premarket trading after the carrier issued a weaker-than-anticipated profit outlook for the third quarter and the full year.
While record revenue reflected continued demand for travel, higher fuel costs weighed on the company's earnings forecast.
American Airlines posted adjusted earnings of $0.15 per share for the second quarter, well above **** ysts' consensus estimate of $0.03.
Revenue reached a record $16.7 billion, an increase of 16.3% from the same period last year and broadly in line with Wall Street expectations.
Despite the stronger quarterly performance, investors focused on the company's cautious guidance, sending the stock lower in premarket trading.
#quarter
While record revenue reflected continued demand for travel, higher fuel costs weighed on the company's earnings forecast.
American Airlines posted adjusted earnings of $0.15 per share for the second quarter, well above **** ysts' consensus estimate of $0.03.
Revenue reached a record $16.7 billion, an increase of 16.3% from the same period last year and broadly in line with Wall Street expectations.
Despite the stronger quarterly performance, investors focused on the company's cautious guidance, sending the stock lower in premarket trading.
#quarter
2 months ago
