American Airlines Group Q1 2024 Adj EPS $(0.34) Misses $(0.29) Estimate, Sales $12.570B Miss $12.602B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Airlines Group (AAL) reported Q1 2024 adjusted EPS of $(0.34), missing the $(0.29) estimate, and sales of $12.570B, slightly below the $12.602B estimate. This represents a significant decrease in earnings compared to the same period last year but a slight increase in sales.
April 25, 2024 | 11:01 am
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American Airlines reported a larger than expected quarterly loss and a slight miss in sales for Q1 2024, indicating a challenging quarter.
The miss in both earnings and sales estimates for American Airlines is likely to negatively impact investor sentiment in the short term, especially considering the significant decrease in earnings compared to the previous year. This could lead to a decrease in stock price as the market adjusts to the new information.
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