- American Airlines Group, Inc (NASDAQ:AAL) said it expects fourth-quarter revenue to be better than expected on robust demand for air travel through the holiday season.
- American Airlines expects revenue to rise between 16% – 17% from Q4 of 2019, above the consensus of $12.70 billion, the Wall Street Journal reported. The earlier growth guidance was 11% – 13%.
- The airlines expected adjusted EPS of $1.12 – $1.17, up from the prior guidance of $0.50 – $0.70, above the consensus of $0.60.
- Airlines also managed to mitigate some of the higher fuel and labor costs through higher ticket prices, Reuters reports.
- Revenue per available seat mile will likely be up 24% versus 2019, topping prior guidance.
- Costs, excluding fuel and special items, were likely to increase 10% above 2019 levels, up from the prior forecast of 8% – 10%.
- The airline said it flew 6.1% less than in the same period in 2019, compared with the 5% – 7% lower capacity that it had expected.
- The update coincided with a worsening economic outlook and high inflation, fueling concerns about consumer demand.
- Price Action: AAL shares traded higher by 5.02% at $16.11 in the premarket on the last check Thursday.
Myriad Genetics Adds Folate Receptor Alpha To Precise Oncology Solutions Portfolio To Expand Treatment Options For Women Living With Ovarian Cancer
Biomarker offers another companion diagnostic option to establish eligibility for FDA-approved drug ELAHERE®
SALT LAKE CITY, May 24, 2023 (GLOBE NEWSWIRE) -- Myriad Genetics, Inc. (NASDAQ:MYGN), a leader
