American Airlines Q3 Earnings: Revenue And Profit Beat, Annual Outlook Hike, Debt Reduction & More
Portfolio Pulse from Akanksha Bakshi
American Airlines reported better-than-expected Q3 earnings with revenue growth and a hike in its 2024 EPS outlook. The company reduced its debt and improved liquidity, while also providing guidance for Q4 and 2024.
October 24, 2024 | 1:47 pm
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American Airlines reported Q3 earnings that beat expectations, with revenue growth and a raised 2024 EPS outlook. The company reduced its debt and improved liquidity, leading to a positive market reaction.
American Airlines' Q3 earnings exceeded expectations, with revenue growth and a raised EPS outlook for 2024. The company also made significant progress in debt reduction, which is positive for its financial health. These factors contributed to a 3.7% increase in AAL's stock price.
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