logo
Plus   Neg
Share
Email

American Airlines Boosts FY19 Adj. EPS Outlook - Quick Facts

While reporting financial results for the second quarter, American Airlines Group Inc (AAL) on Thursday raised its adjusted earnings guidance for the full year 2019 to a range of $4.50 and $6.00 per share from the prior forecast range of $4.00 to $6.00 per share.

On average, 21 analysts polled by Thomson Reuters expect the company to report earnings of $5.19 per share for the year. Analysts' estimates typically exclude special items.

American also expects its third-quarter 2019 TRASM to increase about 1.0 to 3.0 percent year-over-year.

Further, American declared a dividend of $0.10 per share to be paid on August 21, 2019, to stockholders of record as of August 7, 2019.

For the second quarter, the company reported net income of $662 million or $1.49 per share, higher than $556 million or $1.20 per share in the prior-quarter. Adjusted earnings per share were $1.82, compared to $1.66 per share in the year-ago quarter.

Total operating revenues for the quarter grew 2.7 percent to $11.96 billion from the same quarter last year.

Analysts expected quarterly earnings of $1.79 per share on sales of $11.96 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Kylie Cosmetics and Kylie Skin is set for a growth after the cosmetics company launched by Kylie Jenner in 2015 sold a major majority stake to beauty conglomerate Coty for $600 million. Jenner, who has been maintaining the full ownership of the company since its launch, sold 51 percent stake in Kylie... FedEx Corp. Chairman and CEO Fred Smith issued a challenge to the New York Times for publishing a "distorted and factually incorrect" story regarding corporate tax payments by the package delivery giant. The New York Times reported on Sunday that FedEx had made a major push for a reduction in corporate taxes when Donald Trump won the presidential election. A new study showed that foot traffic at Starbucks stores declined after the coffee giant changed to an 'open bathroom' policy. According to the study, store attendance per month at Starbuck stores declined 6.8 percent, relative to nearby restaurants and cafes, after the company made changes to its bathroom policy. In May 2018, Starbucks announced a new bathroom policy.
Follow RTT
>