American Airlines

American Airlines(NASDAQ:AAL)  Q2 Adj. EPS $1.92 Beats $1.58 Estimate, Sales $14.10B Beat $13.74B Estimate.

American Airlines (NASDAQ:AAL) Raises FY23 Adj. EPS Guidance To $3.00-$3.75 Vs $3.08 Est.

American Airlines (NASDAQ:AAL) expects its adjusted earnings for the current quarter to come in higher than previously expected, lifted by lower fuel costs and strong demand in the spring quarter. The company said it now expects second-quarter adjusted earnings of $1.45 a share to $1.65 a share, up from guidance offered in April for an adjusted profit of $1.20 a share to $1.40 a share. The second quarter typically ends around June 30. Revenue per available seat mile — an industry metric used to gauge efficiency — is now expected to fall 1% to 3% from the same quarter last year, compared with prior guidance for a drop of 2% to 4%. Average fuel price for the quarter is expected to be $2.55 a gallon to $2.65 a gallon, down from a previous range of $2.65 a gallon to $2.75 a gallon.

American Airlines Group (NASDAQ:AAL) said  it is expecting Q1 adjusted earnings of between $0.01 and $0.05 per diluted share. It previously expected breakeven guidance. Analysts polled by Capital IQ are estimating $0.04 per share. Total revenue for the quarter ended March 31 is expected to be $12.19 billion. Analysts surveyed by Capital IQ are estimating $12.21 billion.