Airlines Sink on American, Southwest Forecasts [Bloomberg Business News]
American Airlines Group, Inc. (AAL)
Last american airlines group, inc. earnings: 4/30 07:30 am
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Source: Bloomberg Business News
U.S. carriers sank after American Airlines Group Inc. trimmed its profit forecast and Southwest Airlines Co. said ticket sales had slowed after its first passenger fatality. A jump in fuel prices over the last two weeks prompted American to cut its expected earnings for this year because “it takes time to adapt,” Chief Executive Officer Doug Parker said Thursday. Southwest predicted weaker pricing power this quarter, citing a drop in bookings after last week’s deadly accident. The sober outlooks cast a pall on airlines, which have slipped on the stock market this year amid investor fears that United Continental Holdings Inc. ’s expansion plan will spark fare wars and drag down profits. American’s report underscored the threat of rising costs. Jet fuel has climbed 21 percent since hitting its 2018 low on Feb. 13, as benchmark oil prices have advanced. Fuel Factor Average fuel costs are at their highest level since 2014 for major carriers Source: Blo
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AAL
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- 1/25/24 - Miss
AAL
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- 4/11/24 - Form PRE
- 3/12/24 - Form 8-K
- 3/5/24 - Form 8-K
- AAL's page on the SEC website