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Search resuls for: "Aishwarya Nair Abhijith Ganapavaram"


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☆ U.S. airlines forecast strong 2023 travel, costs may dampen outlook
  + stars: | 2023-01-26 | by ( Aishwarya Nair Abhijith Ganapavaram | Aishwarya Nair | Abhijith Ganapavaram | ) www.reuters.com   time to read: +4 min
Jan 26 (Reuters) - U.S. airlines expect strong travel demand that drove record fourth-quarter revenues to continue into 2023, but economic uncertainty and burgeoning labor and operations costs could cloud their rosy outlooks. On Thursday, American Airlines (AAL.O), JetBlue Airways Corp (JBLU.O) and Alaska Air Group (ALK.N) forecast better-than-expected full-year earnings. JetBlue forecast expenses excluding fuel to rise 1.5% to 4.5% in 2023. China's recent reopening may also boost international travel, but demand remains uncertain and U.S. airlines face challenges toward cashing in. American Airlines forecast an adjusted profit of $2.50 to $3.50 per share for 2023, handily beating analyst expectations of $1.77, according to Refinitiv data.
☆ U.S. airlines forecast strong 2023 earnings as travel boom drives demand
  + stars: | 2023-01-26 | by ( Aishwarya Nair Abhijith Ganapavaram | Aishwarya Nair | Abhijith Ganapavaram | ) www.reuters.com   time to read: +2 min
Jan 26 (Reuters) - U.S. carriers on Thursday gave strong earnings forecasts for the year despite economic worries after buoyant demand for air travel during the crucial holiday season helped lift quarterly results. On Thursday, American Airlines (AAL.O), JetBlue Airways Corp (JBLU.O) and Alaska Air Group (ALK.N) all forecast better-than-expected earnings for the full year. The company's Northeast Alliance partner American Airlines forecast an adjusted profit of $2.50 to $3.50 per share for 2023, handily beating analyst expectations of $1.77, according to Refinitiv data. "As we turn our attention to 2023, we will continue to prioritize reliability, profitability and debt reduction," American Airlines Chief Executive Robert Isom said. read moreBoth American Airlines and JetBlue posted fourth-quarter earnings that beat estimates on Thursday.
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