Categories AlphaGraphs, Earnings, Industrials
Infographic: American Airlines (AAL) slips to Q4 loss as revenues plunge
Aviation company American Airlines Group Inc. (NASDAQ: AAL) reported a net loss for the fourth quarter, as faltering passenger traffic and service disruptions continued to impact sales. The results, however, beat analysts’ consensus estimates.
Fourth-quarter revenues plunged 64% annually to $4 billion but topped expectations. The dismal top-line performance reflects a sharp fall in passenger traffic.
The airline slipped to a loss of $3.86 per share in the December-quarter, on an adjusted basis, from earnings of $1.15 per share in the prior-year period. Analysts were looking for a wider loss. The reported net loss was $2.18 billion or $3.81 per share, compared to a profit of $414 million or $0.95 per share in the fourth quarter of 2019.
Read management/analysts’ comments on American Airlines’ Q3 earnings
Shares of the company rose during Thursday’s premarket trading, soon after the announcement. They had closed the previous session higher.
Most Popular
Infographic: Key highlights from Disney’s (DIS) Q2 2024 earnings results
The Walt Disney Company (NYSE: DIS) reported second quarter 2024 earnings results today. Revenues increased 1% year-over-year to $22.1 billion. Net loss attributable to The Walt Disney Company was $20
Earnings Preview: Alibaba likely to report mixed results for Q4
Alibaba Group Holding Limited (NYSE: BABA) will be reporting fourth-quarter 2024 financial results next week. Over the years, the e-commerce giant successfully diversified its business and emerged as a major
A look at Tyson Foods’ (TSN) expectations for the remainder of FY2024
Shares of Tyson Foods, Inc. (NYSE: TSN) fell over 7% on Monday. The stock has gained 7% year-to-date. The company delivered mixed results for the second quarter of 2024, with