Reported Earlier, American Airlines Expects Q2 Adjusted Operating Margin Of 8.5%-10.5% Lower Than Prior View Of 9.5%-11.5%; Company Projects Total Revenue Per Available Seat Mile To Fall In The Range Of 5%-6% (Prior View: Down 1%-3%)
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American Airlines has revised its Q2 adjusted operating margin forecast to 8.5%-10.5%, down from the previous estimate of 9.5%-11.5%. The company also projects a decline in total revenue per available seat mile by 5%-6%, compared to the prior view of a 1%-3% decrease.
May 29, 2024 | 11:49 am
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American Airlines has lowered its Q2 adjusted operating margin forecast to 8.5%-10.5% from 9.5%-11.5% and expects a 5%-6% decline in total revenue per available seat mile, compared to the previous estimate of a 1%-3% decrease.
The downward revision in both the adjusted operating margin and total revenue per available seat mile indicates weaker-than-expected financial performance for Q2. This is likely to negatively impact investor sentiment and the stock price in the short term.
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