An American Airlines Boeing 787-8 Dreamliner takes off from Los Angeles International Airport en route to Tokyo on September 19, 2024 in Los Angeles, California.
Kevin Carter | Getty Images
US airlinesFirst-quarter earnings expectations fell short of analysts' expectations on Thursday, sending shares down more than 6%.
The carrier forecasts an adjusted loss per share of 20 cents to 40 cents for the first three months of 2025 based on current demand trends and fuel price forecasts, a bigger loss than analysts expected of 4 cents, LSEG said.
The airline expects unit costs, excluding fuel, to increase by a low single-digit percentage in the first quarter of 2024 due to lower capacity, which is expected to decline as much as 2% from last year.
Here's how American performed in the fourth quarter, compared to LSEG-compiled Wall Street estimates:
- Earnings per share: 86 cents adjusted versus 64 cents
- Gain: $13.66 billion versus $13.40 billion expected
American's fourth-quarter profit rose to $590 million from $19 million, on revenue up 4.6% to $13.66 billion. Both domestic and international revenues increased, led by a strong increase in trans-Pacific revenues.
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