American Airlines Raises Q2 Profit Guidance Citing Stronger Demand
Portfolio Pulse from Akanksha Bakshi
American Airlines has raised its Q2 profit guidance due to stronger demand, now expecting adjusted EPS of $1.45-$1.65, up from the prior view of $1.20-$1.40. The company also anticipates an adjusted operating margin of 12.5%-14.5% and a TRASM of -1% to -3%.
May 31, 2023 | 2:34 pm
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American Airlines raises Q2 profit guidance due to stronger demand, now expecting adjusted EPS of $1.45-$1.65, up from the prior view of $1.20-$1.40.
The raised Q2 profit guidance is a result of stronger demand, which is a positive sign for the company's performance. This is likely to have a positive impact on the stock price in the short term as investors react to the improved outlook.
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