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0.000986193293885639 0.00098948060486525 -0.0031229454306377 0.0064595660749507 0.0059171597633136 0.0162984878369493 0.0250854700854701 0.0387902695595003
Stock impact report

American Airlines tumbles, dragging down peers on worries over fares [Business News Network (BNN) Energy & Resources (Canada)]

American Airlines Group, Inc. (AAL) 
Last american airlines group, inc. earnings: 4/30 07:30 am Check Earnings Report
American Airlines tumbles, dragging down peers on worries over fares American Airlines Group Inc. ( AAL.O ) tumbled and pulled other carriers in its wake after saying 2018 earnings could fall short of its forecast because domestic fares were weaker than expected. Adjusted earnings will be US$4.40 to US$4.60 a share, the carrier said Thursday in a regulatory filing. American had forecast profit of as much as US$5, and analysts had anticipated US$4.62. The update compounded a bleak outlook for U.S. carriers as economic uncertainty threatens global demand. Delta Air Lines Inc. recently trimmed its forecast for a key gauge of pricing power and set the stage for a gloomy earnings season, which kicks off next week for the major carriers. American pared its expectation for that benchmark as well, saying fourth-quarter revenue from each seat flown a mile increased just 1.5 per cent from a year earlier. The Fort Worth, Texas-based airline had forecast that so-called unit revenue could rise as Show less Read more
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