Reported Earlier, American Airlines Lowers Q2 Adjusted EPS In The Range Of $1.00-$1.15 Vs. $1.30 Estimate (Prior View: $1.15-$1.45); Says Average Fuel Price Is Now Expected To Be $2.70-2.80 Per Gallon Of Jet Fuel (Prior View: $2.75-$2.95)
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American Airlines has lowered its Q2 adjusted EPS forecast to $1.00-$1.15 from the previous $1.15-$1.45, below the $1.30 estimate. The company also revised its average fuel price expectation to $2.70-$2.80 per gallon from $2.75-$2.95. Additionally, Q2 total revenue per available seat mile is expected to decline by 5%-6% compared to the same quarter in 2023.
May 29, 2024 | 11:43 am
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American Airlines has revised its Q2 adjusted EPS forecast downward to $1.00-$1.15, below the $1.30 estimate. The company also adjusted its average fuel price expectation and anticipates a 5%-6% decline in total revenue per available seat mile.
The downward revision of the Q2 adjusted EPS forecast and 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.
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