American Airlines Group Inc AAL shares are trading lower Wednesday. The company issued preliminary results below analyst expectations.
What Happened: American Airlines said it now expects first-quarter revenue of approximately $12.194 billion versus estimates of $12.23 billion, according to Benzinga Pro. The airline company sees first-quarter adjusted earnings in a range of 1 cent to 5 cents versus estimates of 7 cents per share.
American now expects to report adjusted operating margins of 3.5% and end the quarter with approximately $14.4 billion in total available liquidity.
American Airlines is set to report first-quarter results on April 20.
See Also: Nasdaq, S&P 500 Futures Signal Nervous Opening As Traders Brace For Inflation Data
AAL Price Action: American has a 52-week high of $21.42 and a 52-week low of $11.65.
The stock was down 2.86% at $13.91 at time of publication, according to Benzinga Pro.
Photo: courtesy of American Airlines.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
