American Airlines Group Q3 2018 Earnings Infograph
For the third quarter ended September 31, 2018, the Fort Worth, Texas-based airlines reported a fall of 49% in profit and a 5% increase in total operating revenues. While the company surpassed Street’s earnings estimates, it fell short of revenue predictions.
On January 10, American Airlines lowered its FY18 EPS outlook to a range of $4.40 to $5.00 from an earlier range of $4.50 to $5.00. Citing a lower than anticipated improvement in the domestic market, the company also reduced its revenue outlook for the fourth quarter. The current total revenue per available seat mile (TRASM) for Q4 is expected to grow about 1.5% year-over-year, at the lower end of the previously guided growth range of 1.5-3.5%.
Related: American Airlines Q3 earnings conference call transcript
Last week, United Airlines and Delta Air Lines reported their Q4 results. United beat Street’s views for the quarter, while Delta surpassed profit expectations, but missed on revenue predictions. On Thursday, Southwest Airlines (LUV) and JetBlue (JBLU) will also be reporting their quarterly results.
AAL stock ended Tuesday’s regular trading session at $32.74, down 3.62%. The stock, which plunged to a yearly low ($28.81) on January 3, has given a negative return of 44% in the past 52 weeks.