American Q1 results beat, but airline sees $4 billion in added fuel costs this year
The airline said fuel charges rose 10% in first quarter as the US-Israeli war with Iran sent oil surging.
American Airlines (AAL) first quarter earnings topped expectations, but it sees big fuel charges looming as the conflict in the Middle East continues.
The airline said its fuel charges rose 10% in the quarter and expects fuel costs to jump by $4 billion for the year. American rival United (UAL) said its fuel costs jumped $340 million in the quarter.
American said based on the forward fuel curve and the current revenue outlook, the midpoint of the company's full-year earnings adjusted EPS guidance is essentially flat, within a range of -$0.40 to $1.10.
For Q1, American reported revenue of $13.92 billion versus the $13.85 expected, up 10% versus a year ago. The company posted an adjusted loss per share of $0.40 versus $0.46, narrower than expected, translating to an adjusted net loss of $267 million, a decrease of 30.8% compared to last year.
The airline said fuel charges rose 10% in first quarter as the US-Israeli war with Iran sent oil surging.
American Airlines (AAL) first quarter earnings topped expectations, but it sees big fuel charges looming as the conflict in the Middle East continues.
The airline said its fuel charges rose 10% in the quarter and expects fuel costs to jump by $4 billion for the year. American rival United (UAL) said its fuel costs jumped $340 million in the quarter.
American said based on the forward fuel curve and the current revenue outlook, the midpoint of the company's full-year earnings adjusted EPS guidance is essentially flat, within a range of -$0.40 to $1.10.
For Q1, American reported revenue of $13.92 billion versus the $13.85 expected, up 10% versus a year ago. The company posted an adjusted loss per share of $0.40 versus $0.46, narrower than expected, translating to an adjusted net loss of $267 million, a decrease of 30.8% compared to last year.
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