The Clap
American Airlines (NASDAQ:AAL) increased its revenues and profit forecast for Q4 due to strong demand and high airfare.
What
American 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 What
The 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 What
American Airlines is set to announce its earnings results in Q4 2022.
