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American Airlines Stock Soars After Q4 Earnings Beat, Better-Than-Expected Guidance
AAGAAG(US:AAL) Investopedia·2024-01-26 02:15

Key TakeawaysAmerican Airlines beat profit and sales forecasts for the fourth quarter as it benefited from higher demand for air travel.The largest U.S. carrier also predicted full-year 2024 earnings per share above analysts' estimates.American cut its debt by more than 500millioninthefourthquarterof2023,and500 million in the fourth quarter of 2023, and 3.2 billion for the full year.American Airlines stock was up more than 10% in early-afternoon trading.American Airlines Group (AAL) shares flew higher as the biggest U.S. carrier posted earnin ...