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American Airlines (AAL) Posts Q1 Loss on Surging Labor Costs
AALAAG(AAL) Zacks Investment Research·2024-04-26 02:35

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 12.57billionfellshortoftheZacksConsensusEstimateof12.57 billion fell short of the Zacks Consensus Estimate of 12.59 billion but increased 3.1% year over year. Passenger revenues, accounting for 91.2% of the top line, increased to 11.46billionfrom11.46 billion from 11.1 billion recorded a year ago. The metric ...