American Airlines Group Q4 Sales $13.06B Beat $13.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Airlines Group (NASDAQ:AAL) surpassed Q4 earnings and sales estimates with earnings of $0.29 per share, beating the consensus of $0.10 by 190%, and sales of $13.06B, slightly above the $13.02B estimate. However, this represents a slight decrease of 0.96% from the same period last year.
January 25, 2024 | 12:02 pm
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American Airlines Group reported Q4 earnings of $0.29 per share, significantly beating estimates, with sales also exceeding expectations at $13.06B, despite a slight year-over-year decline.
The positive earnings surprise and sales beat are likely to instill investor confidence and could lead to a short-term uptick in $AAL's stock price. However, the slight year-over-year sales decline may temper some of the positive sentiment.
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