Thndr Claps » U.S. Claps » Airlines ✈️ » American Airlines boosts forecast ✈️
The ClapAmerican Airlines (NASDAQ:AAL) increased its revenues and profit forecast for Q4 due to strong demand and high airfare.
WhatAmerican Airlines expects revenues to increase by 17% compared to 2019 (pre-pandemic period), an increase from the previous forecast of 11%-13%.
The airline also expects an EPS of $1.12 – $1.17, an increase from the previous forecast of 50 cents – 70 cents.
So WhatThe hiked forecast comes despite a tough end to Q4 2022, when a severe storm forced the cancellation of thousands of flights across the US.
Now WhatAmerican Airlines is set to announce its earnings results in Q4 2022.
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