American Airlines tops expectation in Q4, sees FY2023 EPS much above consensus
Jan. 26, 2023 7:02 AM ETAmerican Airlines Group Inc. (AAL)By: Niloofer Shaikh, SA News Editor
- American Airlines press release (NASDAQ:AAL): Q4 Non-GAAP EPS of $1.17 beats by $0.10.
- Revenue of $13.19B (+39.9% Y/Y) in-line.
- Shares +1.41% PM.
- Based on demand trends and the current fuel price forecast and excluding the impact of special items, the company expects its first-quarter 2023 adjusted earnings per diluted share to be approximately breakeven. Based on today’s guidance, American expects its full-year 2023 adjusted earnings per diluted share to be between $2.50 and $3.50 vs. consensus of $1.79.
- “The American Airlines team has produced outstanding results over the past year,” said American’s CEO Robert Isom. “We committed to running a reliable operation and returning to profitability, and our team is delivering on both. We’re proud to have led the industry in operational performance over the holidays while producing record full-year and fourth-quarter revenues, resulting in a third consecutive quarterly profit and a profit for the full year. As we turn our attention to 2023, we will continue to prioritize reliability, profitability and debt reduction.”