Reported about 6 hours ago
American Airlines reported a record revenue of $13.7 billion in its fiscal fourth quarter, beating expectations, along with adjusted earnings per share of $0.86. However, the airline's disappointing first-quarter profit forecast, projecting a loss of $0.20 to $0.40 per share, has caused concerns among investors, leading to a decline in stock price. Analyst George Ferguson notes that while American Airlines is improving and catching up to rivals like United and Delta, challenges remain, particularly regarding higher costs due to reduced capacity.
Source: YAHOO