American Airlines swung to a loss in the first quarter, but its forecast for the current period surpassed analysts' estimates, sending shares roughly 5% higher Thursday.
American reiterated its forecast to earn between $2.25 and $3.25 per share for the full year.
American said it expects second-quarter capacity to be up 7% to 9%, and unit revenues to fall 1% to 3% from last year.
Similar to Southwest , United and Alaska , American is affected by Boeing's latest quality control and safety crises.
Adjusting for one-time items, including costs associated with new labor contracts, American lost $226 million, or 34 cents per share.
Persons:
LSEG, Robert Isom, Isom, Boeing hasn't, —, Phil LeBeau
Organizations:
Boeing, American Airlines, JFK International, CNBC, Revenue
Locations:
Austin , Texas, New York, Manhattan, Southwest, United, Alaska, American