Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023.
American Airlines on Thursday raised its earnings outlook for 2023 after a strong start to the peak travel season, the latest airline to reap the rewards from the continued boom in demand.
That updated 2023 profit guidance falls in line with Wall Street expectations of $3.10, according to Refinitiv consensus estimates.
For the third quarter, American expects to earn an adjusted 85 cents to 95 cents per share, in line with estimates.
Adjusting for one-time items, including costs associated with planes retired early in the pandemic, the company earned $1.37 billion, or $1.92 per share.
Persons:
Robert Isom, CNBC's Phil LeBeau
Organizations:
Boeing, American Airlines, Airline, United, Refinitiv
Locations:
Barcelona, Fort Worth - Texas