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AAG(AAL) - 2024 Q1 - Earnings Call Transcript
2024-04-25 16:09
American Airlines Group Inc. (NASDAQ:AAL) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Scott Long - VP, IR & Corporate Development Robert Isom - CEO Devon May - CFO Vasu Raja - CCO Nate Gatten - Chief Government Affairs Officer Conference Call Participants David Vernon - Bernstein Conor Cunningham - Melius Research Sheila Kahyaoglu - Jefferies Jamie Baker - J.P. Morgan Stephen Trent - Citi Helane Becker - TD Cowen Duane Pfennigwerth - Evercore ISI Unidentified Analyst - Su ...
Is "Bad News" Still "Good News" for the Market?
Zacks Investment Research· 2024-04-25 15:35
Thursday, April 25th, 2024Pre-market futures are plummeting at this hour. We began the early trading session down anyway, based on earnings disappointments from Meta (META) and IBM (IBM) after yesterday’s close. This morning, Dow component Caterpillar (CAT) is down more than -6% on its Q1 revenue miss. Beyond Q1 earnings results, we also have lots of economic data, much of which came up short of expectations.The first print on Q1 Gross Domestic Production (GDP) came in well below estimates. Headline +1.6% m ...
American Airlines CEO Praises Embraer And Raps Boeing
Forbes· 2024-04-25 15:14
An American Airlines Embraer 175 takes to the tarmac in Dallas in June 2021. (Photo by ANDREW ... [+] CABALLERO-REYNOLDS)AFP via Getty ImagesAmerican Airlines CEO Robert Isom extolled Brazilian aircraft maker Embraer and excoriated Boeing Boeing on the carrier’s earnings call Thursday.“I want to give a shoutout to Embraer,” Isom said. “They have delivered day in and day out. The rest of the industry could learn a lot from them.”As for Boeing, Isom declared “I’ve talked to everyone at Boeing that I can possi ...
American Airlines swings to a loss, but tops estimates for Q2 forecast
CNBC· 2024-04-25 11:16
A Boeing 737 passenger aircraft of American Airlines arrives from Austin at JFK International Airport in New York as the Manhattan skyline looms in the background on February 7, 2024.American Airlines swung to a loss in the first quarter but its forecast for the current period surpassed analysts' estimates, sending shares roughly 4% higher.American expects to earn between $1.15 and $1.45 per share in the second quarter, on an adjusted basis, largely above the $1.18 analysts compiled by LSEG estimated on ave ...
AAG(AAL) - 2024 Q1 - Quarterly Report
2024-04-25 11:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period From to Commission file number 1-8400 American Airlines Group Inc. (Exact name of registrant as specified in its charter) Delaware 75-1825172 (State or other jurisdiction of inco ...
AAG(AAL) - 2024 Q1 - Quarterly Results
2024-04-25 11:00
Exhibit 99.1 Corporate Communications mediarelations@aa.com Investor Relations investor.relations@aa.com FOR RELEASE: Thursday, April 25, 2024 AMERICAN AIRLINES REPORTS FIRST-QUARTER 2024 FINANCIAL RESULTS FORT WORTH, Texas –– American Airlines Group Inc. (NASDAQ: AAL) today reported its first-quarter 2024 financial results, including: • Record first-quarter revenue of approximately $12.6 billion. • First-quarter net loss of $312 million, or ($0.48) per diluted share. Excluding net special items , firstquar ...
How to Play American Airlines (AAL) Ahead of Q1 Earnings?
Zacks Investment Research· 2024-04-24 19:15
American Airlines (AAL) , one of the world’s leading airline companies, is set to report first-quarter 2024 results on Apr 25, and as always, market participants are eagerly waiting for the release. Some investors may be deliberating whether to purchase the stock of this airline heavyweight before Thursday or wait for a better entry point.Impressive Price PerformanceDriven by the buoyant scenario with respect to air travel demand, the stock has performed impressively on the bourse of late. The AAL stock has ...
Reasonably Priced Airline Stock to Watch
Schaeffers Research· 2024-04-24 18:12
Depending on who you ask, a recession is either right around the corner or the stock market is ready to rattle off a seismic bull run. As always, the answer is likely somewhere in the middle of those two extremes. But due to the uncertainty surrounding the Federal Reserve’s rate cuts, traders are stuck in a holding pattern until more data defines the country's fiscal path.Since bargains become popular when times are uncertain, we’d like to introduce a new weekly segment: Cheap Seats. Every week, we will pro ...
Is a Surprise Coming for American Airlines (AAL) This Earnings Season?
Zacks Investment Research· 2024-04-24 13:46
Investors are always looking for stocks that are poised to beat at earnings season and American Airlines Group Inc. (AAL) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because American Airlines is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — ...