American Airlines After forecasting the benefits of the third quarter of the carrier, the shares slipped after the shares of Wall Street on Thursday and it restored its 2025 financial forecast down from its point of view at the beginning of the year.
CEO Robert Isom told CNBC “Squalk box“That results are operated by consumer weakness, flat Corporate travel demand It continued at the beginning of summer and operational problems from a series of storms.
“July has been a difficult month … due to the weakness of the domestic consumer,” Isom said.
The demand seems better in the coming months, he said, and the American is increasing its capacity growth.
Delta air lines And United Airlines Earlier this month, it was said that the demand for the journey has stabilized, although both the carriers have been released less. 2025 forecasting At the beginning of the year.
American on Thursday estimated 2025 that it was created below the adjusted income estimates between $ 1.70 and $ 2.70, as a loss of more than 20 cents or earnings of 80 cents per share. JanuaryAmerican, with others Airlines, Drawn Its 2025 financial approaches in April, as the carriers were again struggling with tariffs and weak-to-intake domestic demand.
For the third quarter, the American said that he hoped that the loss of 10 cents to 60 cents would be adjusted, while analysts voted by the LSEG estimated a 7-per cent loss.
The airline said in the release of an earnings that it only expects the low end of its forecast if “Macro’s weaknesses that are not seen today” and if the domestic travel market continues to improve.
The demand for domestic travel has been a weak place this year, although many American passengers have continued Fly abroad in draw For popular sites like Japan and Italy. The available domestic seat mile, a pricing power gauge according to the power gauge, was more than 6% below 6% in the second quarter, while it was about 3% for international.
Here’s how American performed Second quarter Compared to Wall Street Estimates compiled by LSEG:
- earnings per share: 95 cents adjusted vs 78 cents
- Income: $ 14.39 billion vs $ 14.3 billion is expected
In the three months ended on 30 June, US revenue rose 0.4% to 0.4% to $ 14.39 billion beyond expectations, while net income fell 16.5% to 16.5%, or 91 cents per share. Adjustment to one -time items, American earned $ 628 million, or 95 cents per share, beyond the expectations of analysts.
Correction: This story has been updated to correct income per share for the second quarter.
