American Airlines Stock Is Losing Altitude After Hours: Here's Why
Portfolio Pulse from Adam Eckert
American Airlines Group Inc (NASDAQ:AAL) shares are trading lower after hours following the announcement of the departure of its executive vice president and a lowered guidance for the second quarter. The company reduced its adjusted earnings forecast and adjusted operating margin, and expects a decline in total revenue per available seat mile.
May 28, 2024 | 9:21 pm
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American Airlines shares fell 8.04% after hours following the announcement of the departure of its executive vice president and a lowered guidance for the second quarter. The company reduced its adjusted earnings forecast and adjusted operating margin, and expects a decline in total revenue per available seat mile.
The departure of a key executive and the lowering of financial guidance are significant negative events for American Airlines. The reduction in adjusted earnings forecast and operating margin, along with the expected decline in total revenue per available seat mile, are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100