Source: Xinhua
Editor: huaxia
2025-07-24 23:44:15
NEW YORK, July 24 (Xinhua) -- American Airlines shares slumped more than 8 percent on Thursday morning after the carrier released a downbeat earnings forecast for the remainder of the year and 2025.
Despite better-than-expected second-quarter results, with a record 14.39 billion U.S. dollars in quarterly revenues, the company on Thursday significantly cut its full-year and third-quarter earnings forecasts, citing softer domestic demand and ongoing uncertainty around trade policy.
For the third quarter, the company now expects adjusted earnings per share (EPS) to fall between -0.10 dollar and -0.60 dollar, far below analysts' consensus of 0.76 dollar.
For the full fiscal year 2025, the company guided for adjusted EPS between -0.20 and 0.80 dollars, sharply lower than its previous forecast in January of 1.70 to 2.70 dollars.
The company said the lower end of the range would materialize only if macroeconomic conditions unexpectedly worsen, while the upper end assumes continued improvement in the U.S. travel market. ■