On August 28, 2024, an American Airlines plane took off from Ronald Reagan Washington National Airport in Arlington, Virginia.
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American Airlines Chief Executive Robert Isom said the company’s sales strategy shift earlier this year was paying off and raised its profit forecast for this year.
The airline said it expected fourth-quarter adjusted earnings per share to be between 25 cents and 50 cents, above the 29 cents forecast in an LSEG analyst survey. On an adjusted basis, the airline expects full-year earnings of up to $1.60 per share, up from American Airlines’ previous forecast of no more than $1.30 per share.
American Airlines fired its chief commercial officer in May after its sales strategy aimed at driving direct bookings backfired, and it quickly reverted to mostly sales.
“We have taken aggressive actions to realign our sales and distribution strategies and regain the attention of the business travel community, which we believe will improve our performance over time,” Isom said in Thursday’s earnings report. Revenue Performance. “We’ve heard great feedback from our travel agents and corporate customers as we work to rebuild the foundation of our business strategy and make it easier for customers to do business with American Airlines. “
Here’s how American’s third-quarter performance compares to Wall Street forecasts compiled by the London Stock Exchange Group (LSEG):
- Earnings per share: Adjustment 30 cents vs. 16 cents
- income: US$13.65 billion, expected US$13.49 billion
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