[ad_1]
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida.
Joe Raedle | Getty Images
American Airlines posted a $10 million profit in the first quarter as it ramped up flying and a jump in revenue outpaced higher costs.
American’s revenue rose 37% in the first three months of the year to $12.19 billion, roughly in line with analyst estimates.
Here’s how American Airlines performed in the first quarter compared with what Wall Street anticipated, based on an average of analysts’ estimates compiled by Refinitiv:
- Adjusted earnings per share: 5 cents vs. an expected 5 cents
- Total revenue: $12.19 billion vs. expected $12.20 billion
For the second quarter of the year, American forecast adjusted per-share earnings of $1.20 to $1.40, at the high-end of analysts’ expectations.
The Fort Worth-based carrier expects revenue per available seat mile to come in 2% to 4% lower than last year on capacity up as much as 5.5%.
This is breaking news. Please check back for updates.
[ad_2]
