American Airlines Group Inc AAL shares are trading lower by 3.85% to $16.10 during Tuesday's session. Shares of airline stocks are trading lower in sympathy with JetBlue, which fell after issuing weak guidance.
What Happened With JetBlue Earnings?
JetBlue's second-quarter FY23 results showed a 6.7% year-on-year growth in operating revenue, reaching $2.61 billion, aligning with the consensus estimate. The company reported an adjusted EPS of $0.45, surpassing the consensus figure of $0.40.
JetBlue said operating expenses declined by 7.2% year-over-year, amounting to $2.38 billion.
The company reported a substantial improvement in operating income, achieving $235 million in the quarter compared to an operating loss of $113 million during the same period last year. This translated to an operating margin of 9%...Read More
According to data from Benzinga Pro, AAL has a 52-week high of $19.08 and a 52-week low of $11.65.
© 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.