American Airlines Group Inc. stock rallied to its best in six months following the airline's surprisingly upbeat guidance.
American Airlines Group Inc. stock rallied to its best in six months following the airline’s surprisingly upbeat guidance.
American surprised... American Airlines Group Inc. stock rallied to its best in six months following the airline’s surprisingly upbeat guidance. American surprised Wall Street earlier Thursday by calling for adjusted fourth-quarter profit between $1.12 and $1.17 a share, compared with FactSet consensus of 61 cents a share.
American was already looking at some upside given its smaller exposure to the winter storms, but the new guidance was “well above” expectations, Raymond James analyst Savanthi Syth said in a note.American’s revenue guidance was “a big upgrade,” Citi analyst Stephen Trent said in his note.“This should stem in part, from the deployment of available seat miles, or ASMs,” Trent said. American now expects total revenue per available seat mile, another key industry metric, to increase 24%.
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