American Airlines Stock Sinks on Weak Outlook | Global News Avenue

American Airlines (Asian Airlines AssociationShares of the airline tumbled in premarket trading Thursday as the airline’s weak outlook overshadowed stronger-than-expected fourth-quarter results.

The airline reported fourth-quarter net income of $590 million, or 84 cents per share, on revenue of $13.66 billion. Analysts expected profit of $426 million, or 60 cents a share, on revenue of $13.39 billion, according to Visible Alpha.

First-quarter adjusted losses far exceeded expectations

However, the company said it expects to report results for the first quarter of fiscal 2025 due to current demand trends and fuel price forecasts. adjusted Loss of 20 cents to 40 cents per share was well below Visible Alpha’s consensus for a loss of 1 cent per share.

American Airlines expects full-year adjusted earnings per share of $1.70 to $2.70, with a midpoint of $2.20, below the consensus of $2.35.

American Airlines’ results track rivals Delta Air Lines (darwin) and United Airlines (University of London College of Art), which Posted a more optimistic outlook and noticed their growth respective “quality” products.

U.S. stocks fell 7% in pre-market trading. The company’s shares had risen by a third in the past 12 months as of Wednesday’s close, while shares of United Airlines and Delta Air Lines had soared 166% and 78%, respectively.