JetBlue Reveals Diminished First Quarter Earnings
On Tuesday, JetBlue announced that it has adjusted its annual revenue forecast. The carrier announced that its revenue will be…
American Airlines today reported its financial and operating results for the third quarter of 2022.
“The American Airlines team continues to deliver on our goals of running a reliable operation and returning to profitability”, said Robert Isom, the company’s CEO. “Demand remains strong and it’s clear that customers in the United States and other parts of the world continue to value air travel and the ability to reconnect post-pandemic”, he added.
The company said that despite a “challenging operating environment” because of hurricanes that affected operations in Florida and the Caribbean and flooding in Dallas-Fort Worth, it was able to “restore its operational reliability” thanks to a good on-time arrival rate and completion factor
Based on current trends, the company expects its total revenue for the fourth quarter to be 11 to 13 percent higher than that reported in the fourth quarter of 2019. However, it expects total capacity to still be 5 to 7 percent lower. The airline maintains a schedule that includes more than five thousand daily operations on average until the end of the year.
With the current demand trends and fuel price forecast, American Airlines expects to have a positive operating margin of between 5.5 and 7.5 percent between October and December this year. In addition, it forecasts its diluted earnings per share, excluding net special items, to be between 0.50 and 0.70 dollars.
This article was originally posted at Aviacionline.
Born in Argentina, with a regional focus and global reach, Aviacionline is the Spanish-speaking leader in Latin America.
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