Categories Earnings, Other Industries

American Airlines (AAL) earnings preview: Boeing 737 Max groundings might dent Q4 results

American Airlines (NYSE: AAL) is slated to report fourth quarter 2019 earnings results on Thursday, January 23, before the market opens. Analysts expect the company to report earnings of $1.17 per share, up from $1.04 per share reported a year earlier. Revenue is expected to grow 3.5% to $11.3 billion.

The Boeing 737 Max grounding issue will once again be the focus of the fourth quarter earnings report. The quarterly results are likely to be impacted by capacity constraints caused by the groundings. Last week, the company announced that it expects to resume services on the 737 Max aircraft in June.

American Airlines Q3 2019 earnings results

The results are likely to benefit from lower fuel prices in the quarter. The airline’s topline numbers might benefit from passenger demand in the holiday season. However, weakness in cargo revenue might continue in the fourth quarter as well.

In the third quarter of 2019, American beat earnings estimates while revenues missed the mark. Revenue grew 3% to $11.9 billion while adjusted EPS totaled $1.42.

American expects fourth quarter 2019 TRASM to be flat to up 2% year-over-year. For the full year of 2019, adjusted EPS is expected to be $4.50-5.50.

Shares of American Airlines have fallen 19% in the past one year. The stock has an average price target of $31.89.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Salesforce stock hit by weak guidance, co-CEO’s exit. What next?

For technology stocks, 2022 has been a challenging year, with companies losing significant market value amid prolonged stock selloff. In that respect, Salesforce, Inc. (NYSE: CRM) is among the worst-affected

Macy’s (M): Here’s a look at the retailer’s expectations for the near term

Shares of Macy’s Inc. (NYSE: M) were down on Thursday. The stock has gained 36% over the past three months and 18% over the past one month. The company’s sales

KR Earnings: Kroger Q3 sales, profit increase and top expectations

Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top