American Airlines (AAL) Posts Q1 Loss on Surging Labor Costs
American Airlines’ (AAL) first-quarter 2024 loss (excluding 14 cents from non-recurring items) of 34 cents per share was wider than the Zacks Consensus Estimate of a loss of 28 cents. In the year-ago quarter, AAL reported earnings of 5 cents.Operating revenues of 12.59 billion but increased 3.1% year over year. Passenger revenues, accounting for 91.2% of the top line, increased to 11.1 billion recorded a year ago. The metric ...