American Airlines rises premarket on upbeat forecast

Thursday, 12. January 2023 13:47

American Airlines (AAL) stocks rose 5.02% Thursday at 7:41 am ET, selling at $16.12 after the air carrier published better-than-expected guidance for its fourth quarter.

Earlier, the company said it expects fourth-quarter adjusted earnings of $1.12 to $1.17 per share, above analysts' estimates. In addition, the airline also noted it anticipates to post revenue growth of 16% to 17% in the fourth quarter, up from its previous estimate of 11% to 13% growth.

In the minutes following the announcement, shares of major airlines also advanced. At 7:52 am ET, Southwest Airlines (LUV) increased by 1.47%, United Airlines (UAL) rose by 1.28%, and Delta Air Lines (DAL) grew by 2.41%.

Related Links: Delta Air LinesUnited Airlines Holdings Inc.Southwest Airlines Co.American Airlines Group Inc.
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