American Airlines withdrew its 2025 financial forecast Thursday, citing domestic leisure travel weakness and economic uncertainty, according to CNBC. The airline reported a first-quarter adjusted loss of 59 cents per share, narrower than the expected 65-cent loss, and revenue of $12.55 billion, slightly below the $12.6 billion forecast. The company forecasts a second-quarter revenue decline of 2% and a 1% increase year-over-year, falling short of the 2.2% growth analysts anticipated. It expects adjusted earnings per share between 50 cents and $1, compared to the 99 cents analysts projected.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02American Airlines withdrew its 2025 financial forecast Thursday,
00:05citing domestic leisure travel weakness and economic uncertainty, according to CNBC.
00:10The airline reported a first quarter adjusted loss of 59 cents per share,
00:14nearer than the expected 65-set loss, a revenue of $12.55 billion,
00:18slightly below the $12.6 billion forecast.
00:21Company forecast second quarter revenue decline of 2% and a 1% increase year over year,
00:26falling short of the 2.2% growth analysts anticipated.
00:29It expects adjusted earnings per share between 50 cents and a dollar,
00:33compared to the 99 cents analysts projected.
00:35For all things money, visit Benzinga.com slash GSTV.