American Airlines Group Inc (NASDAQ:UAL).
What Happened: United Airlines reported third-quarter earnings after the close on Tuesday. Although the company reported better-than-expected results, United issued guidance that led to a selloff in the stock.
United noted that it expects fourth-quarter earnings per share of $1.50 to $1.80 and revenue to be up 9.5% to 10%, depending on how long Tel Aviv flights are suspended.
If flights are only suspended through October, the company anticipates results to come in at the high end of the provided ranges, but if suspended until the end of the year, United said it expects fourth-quarter numbers to be near the low end of the provided ranges.
American Airlines is set to report its third-quarter financial results before the market opens on Thursday. Analysts are anticipating earnings of 25 cents per share and revenue of $13.51 billion, according to estimates from Benzinga Pro.
See Also: Why United Airlines Stock Is Trading Lower Wednesday
AAL Price Action: American Airlines shares were down 4.73% at $11.38 at the time of writing, per Benzinga Pro.
Photo: courtesy of American Airlines.
