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Stock impact report

Why American Airlines Stock Dropped 6% Today [The Motley Fool]

American Airlines Group, Inc. (AAL) 
Last american airlines group, inc. earnings: 4/30 07:30 am Check Earnings Report
Company Research Source: The Motley Fool
Investors worry about fuel costs -- and that's not the only thing to worry about. Rich Smith ( TMFDitty ) Apr 26, 2018 at 8:15PM What happened Shares of American Airlines Group ( NASDAQ:AAL ) closed 6.4% lower on Thursday after reporting earnings -- and that's the good news. The bad news is that, at one point, American Airlines stock was down more than 10%. American Airlines reported profits per diluted share of $0.39 for its fiscal first quarter, down 42% from the year-ago quarter. This was despite the fact that sales grew 5.9% year over year. The results beat analyst estimates, yet the stock fell nonetheless. Image source: American Airlines. So what Why? Blame it on fuel costs -- and guidance. Higher fuel prices led to a decline in year-over-year earnings, said CEO Doug Parker, citing a 24% increase in the cost of jet fuel. Worse, A Show less Read more
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