American Airlines (AAL) Stock Tumbles Post Bearish Q2 View

Shares of American Airlines (AAL) declined in excess of 6% in after-market trading on May 28, following management’s decision to trim its earnings per share outlook for second-quarter 2024. Due to soft air-travel demand, revenues are likely to take a hit. As a result, second-quarter total revenue per available seat miles is now expected to decline in the 5-6% band from the year-ago levels (a dip of 1-3% was expected previously). System capacity (measured in available seat miles) is still estimated to increa ...