American Airlines It posted a loss in the first quarter, but its forecast for the current period beat analysts’ estimates.
American expects to earn between $1.15 and $1.45 per share in the second quarter, on an adjusted basis, largely above the $1.18 average of analysts compiled by LSEG. American reiterated its forecast for full-year earnings of between $2.25 and $3.25 per share.
“While we are not satisfied with our first quarter financial results, we have a strong foundation, and we are on track to meet our full-year financial goals,” CEO Robert Isom said in an earnings release. are underway.”
American said it expects second-quarter capacity to fall 7% to 9%, and unit revenue to fall 1% to 3% from last year.
Like Southwest, united And Alaska, affected by the latest quality control and safety crises at American Boeing. Isom said American will get seven fewer planes from Boeing than it previously estimated.
“My message is that Boeing has not changed since the last time we spoke,” Isom told CNBC in an interview. “Get your act together. Deliver.”
Here’s how the American fared. First trimester Compared to Wall Street estimates compiled by LSEG:
- Loss per share: A loss of 34 cents adjusted vs. an expected loss of 29 cents
- Income: $12.57 billion vs. $12.60 billion expected
American posted a loss of $312 million, or 48 cents per share, in the first quarter, compared with a profit of $10 million, or 2 cents per share, during the same period a year ago. Adjusting for one-time items, including costs associated with new labor contracts, American lost $226 million, or 34 cents a share.
Operating expenses rose about 7 percent, including an 18 percent increase in salaries and related expenses.
Revenue rose 3.1 percent to $12.57 billion.
Credit : www.cnbc.com
