From CNBC: 2024-04-25 10:31:32

American Airlines reported a loss in the first quarter but expects to earn between $1.15 and $1.45 per share in the second quarter, surpassing analysts’ estimates. CEO Robert Isom remains optimistic about meeting full-year financial targets. The company’s revenue rose 3.1% to $12.57 billion, despite operating expenses increasing by nearly 7%.

Although American Airlines faces delays in receiving aircraft from Boeing due to quality control issues, Isom is determined to stay on track with its financial goals. The airline is set to increase its second-quarter capacity by 7% to 9%. Despite challenges, American Airlines remains focused on financial performance and growth, emphasizing the need for Boeing to meet its commitments.



Read more at CNBC:: American Airlines (AAL) earnings Q1 2024