American Airlines Projects Q4 Revenue Growth Amidst Rising Fuel Costs
American Airlines Group (AAL) reported third-quarter revenue of $16.3 billion, representing a 19.3% increase year-over-year and exceeding the company's previous guidance. CEO Robert Isom noted that while top-line growth remains strong, rising fuel prices significantly impacted costs, adding approximately $1.9 billion to expenses. Looking ahead to the fourth quarter, the airline expects revenue to grow between 19.5% and 22.5%. However, management issued a cautious earnings outlook, guiding for an adjusted loss per share (EPS) between -$0.50 and -$1.10. This guidance is heavily influenced by anticipated fuel costs averaging approximately $4.70 per gallon.
Tickers: $AAL
Topics: earnings report fuel costs revenue growth
Read the full article at Seeking Alpha
Part of the story American Airlines Projects Q4 Revenue Growth Amidst Rising Fuel Costs (2 articles)