After a surprisingly good quarter, US airline American Airlines is becoming more confident about the current year.
Adjusted earnings per share (EPS) should now reach $3 to $3.75, the company announced on Thursday in Fort Worth, Texas. Previously, management had promised $2.50 to $3.50.
Things went surprisingly well for the airline from April to June. The bottom line is that American Airlines earned a good 1.3 billion dollars, almost three times as much as a year earlier. The number of passengers grew by just over two percent to 54.3 million, and the load factor of the passenger jets even deteriorated from 86.9 to 86.2 percent. However, operating sales grew by almost five percent to a good 14 billion dollars and thus more strongly than expected by analysts on average. Because spending on kerosene fell by almost a third, American Airlines also coped well with significantly increased personnel costs.
On the financial market, however, the news was initially not appreciated: In NASDAQ trading, American Airlines shares temporarily lost 5.38 percent to 17.60 US dollars.
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