AERO TRADING GROUP Corp

American shares sink after cutting second quarter earnings forecast

American shares sink after cutting second quarter earnings forecastAmerican shares sink after cutting second quarter earnings forecast American Airlines’ shares fell 15% on May 29, 2024, after it updated its second quarter 2024 guidance. The guidance had changed its adjusted operating margin from 9.5%-11.5% to 8.5%-10.5%. Its adjusted earnings per diluted shares to $1-$1.15, down from $1.15-$1.145. Its year-on-year total revenue per seat mile (TRASM) is expected to be a negative 5%-6%, down further from the previous estimation of a negative 1%-3%. Its cost per available seat mile excluding fuel and net special items (CASM-ex) is forecast to be flat to a positive 1%, updated from a positive 1%-3%. Though, fuel price is set to be lower

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