American Airlines Q3: Topline Miss, EPS Beat, Breakeven Earnings Forecast For Q4 & More
Portfolio Pulse from Akanksha Bakshi
American Airlines Group Inc (NASDAQ:AAL) reported Q3 FY23 operating revenue of $13.48 billion, missing the consensus of $13.51 billion. However, its adjusted EPS of $0.38 beat the consensus of $0.25. The company reported an operating loss of $233 million, compared to an income of $930 million a year ago. For Q4, AAL expects adjusted EPS to be breakeven and adjusted operating margin to be 2%-4%. The company also lowered its FY23 adjusted EPS outlook to $2.25-$2.50.
October 19, 2023 | 1:19 pm
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American Airlines reported a Q3 revenue miss but an EPS beat. The company also reported an operating loss and lowered its FY23 EPS outlook.
The company's revenue miss and reported operating loss, along with the lowered EPS outlook for FY23, are negative indicators that could potentially impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100