American Airlines Analysts Boost Their Forecasts After Better-Than-Expected Earnings

American Airlines Group Inc. (NASDAQ:AAL) reported upbeat third-quarter financial results and updated its 2024 EPS outlook on Thursday.

The airline reported third-quarter total operating revenue growth of 1.2% year-over-year to $13.647 billion, beating the consensus of $13.471 billion.  The adjusted operating margin stood at 4.7% compared to 5.4% a year ago. AAL reported adjusted EPS of 30 cents, down from 38 cents a year ago but above the consensus of 15 cents.

For 2024, American Airlines now expects an adjusted EPS of $1.35, $1.60 (prior $0.70, $1.30) versus ...