American Airlines also highlighted how, helped by record free cash flow of $2.2 billion, it had made big progress in meeting its debt reduction targets from its 2021 peak. According to American Airlines’ 2024 financial report, lowering debt levels will remain a priority for American Airlines’ management during this fiscal year.
Shares of American Airlines plunged Thursday after the carrier released a disappointing 2025 profit outlook even as its earnings topped expectations in the most recent quarter.
American Airlines forecast 2025 profit below Wall Street expectations as the carrier braces for higher costs stemming from expensive labor contracts signed last year, sending its shares down 8% on Thursday.
Global airline American Airlines (NASDAQ:AAL) announced in Q4 CY2024, with sales up 4.6% year on year to $13.66 billion. Its non-GAAP profit of $0.86 per share was 30.1% above analysts’ consensus estimates.
American Airlines last year said it would reverse a business-travel sales strategy that backfired. The airline signed a new credit card deal with Citi late last year. American Airlines reported a jump in fourth-quarter profits with results coming in ahead of analysts’ expectations,
American reported an 8% increase in business travel revenue and negotiated new deals with several travel agencies.
Despite this record-breaking quarter to end last year, however, American Airlines stock has dropped to begin 2025. For the current quarter ending in March, American Airlines expects its results to range from a loss of 40 cents per share to a loss of 20 cents per share. The company expects full-year earnings in the range of $1.70 to $2.70 per share.
The Vegas Golden Knights had multiple opportunities to tie their game against the Dallas Stars late in the third period but were stonewalled by the Dallas' defense, losing to the Stars,
American Ryan Cozad and German Mariella Thamm win the prestigious 60th Coffee Bowl junior tennis tournament in Costa Rica,
GE Aerospace posted a surge in quarterly revenue that blew past Wall Street's estimates as the jet-engine maker received an influx of orders to end the year. The carrier posted higher-than-expected results but its stock price took a hit after its forecast for the current quarter was under Wall Street expectations.
U.S. stocks are drifting near a record as Wall Street’s recent rally loses some momentum. The S&P 500 slipped 0.1% in early trading Thursday, a day after after pulling to the edge of its all-time high set in early December.
U.S. stocks rose to their first all-time high of 2025 as Wall Street regained a bit of the momentum that catapulted it to 57 records last year. The S&P 500 rose 0.