American Airlines Q2 Earnings: Mixed Performance Amid Cost Pressures, Lowers Annual Profit Outlook
Portfolio Pulse from Akanksha Bakshi
American Airlines Group Inc. (NASDAQ:AAL) reported mixed Q2 2024 earnings, with revenue growth of 2% YoY to $14.334 billion, missing the consensus. Adjusted EPS was $1.09, above the consensus but down from last year. The company lowered its 2024 EPS outlook and expects breakeven adjusted EPS for Q3. AAL shares are up 2.41% to $10.42.
July 25, 2024 | 2:13 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
American Airlines reported mixed Q2 2024 earnings with revenue growth of 2% YoY to $14.334 billion, missing the consensus. Adjusted EPS was $1.09, above the consensus but down from last year. The company lowered its 2024 EPS outlook and expects breakeven adjusted EPS for Q3. AAL shares are up 2.41% to $10.42.
The mixed earnings report, with revenue missing consensus but adjusted EPS beating expectations, coupled with a lowered 2024 EPS outlook, creates a neutral short-term impact. The stock's slight increase suggests investor sentiment is cautiously optimistic.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100