American Airlines cited “present demand trends” and fuel-price forecasts as it predicted a first-quarter loss.
(Reuters) -American Airlines forecast 2025 profit below Wall Street expectations on Thursday, hurt by an uptick in jet fuel prices and efforts to fix a sales-strategy misstep that drove away corporate travelers. Shares of the carrier dropped 6% in premarket trade.
American Airlines forecast 2025 profit below Wall Street expectations on Thursday, hurt by an uptick in jet fuel prices and efforts to fix a sales-strategy misstep that drove away corporate travelers.
American Airlines Group reported solid earnings growth that topped estimates, but guidance for Q1 2025 disappointed Wall Street.
American Airlines stock has declined due to an unexpected loss in Q1, despite quarterly profits, and beating analyst estimates. It is the biggest intraday decline for the company since May after attempting to win back business travelers show signs of lagging.
Electronic Arts tumbles after cutting guidance because of underperformance in its soccer game titles, while Arm Holdings and Nvidia give back gains following sharp moves higher after the announcement of the Stargate AI initiative.
Shares of American Airlines plunged Thursday after the carrier released a disappointing 2025 profit outlook even as its earnings topped expectations in the most recent quarter.
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American said it was anticipating higher costs driven by lower capacity and expensive labor contracts to dampen its first-quarter outlook.
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