American Airlines (AAL) has seen a significant decline in its stock price following a downward revision of its second-quarter earnings guidance. The company now expects earnings per share (EPS) between $1 and $1.15, down from the previous range of $1.15 to $1.145. Additionally, American Airlines has revised its total revenue per available seat mile (TRASM) forecast to a decline of 5% to 6%, compared to the earlier forecast of a 1% to 3% decline. This revision is attributed to a weaker-than-expected domestic environment, according to CEO Robert Isom. As a result, AAL's stock dropped 16% in premarket trading, marking its worst day since June 2020. The broader airline sector has been affected, with other airlines like United Airlines (UAL) reaffirming their guidance but still experiencing declines in their stock prices.
American Airlines stock tanks following 'surprising' guidance cut https://t.co/YvVdKYsvWi by @Pras_S
π Midday Movers: $ANF jumps 22% on strong earnings, $AAL sinks 14% on guidance cut, $CHWY up 28% on big beat! $ANF $NFLX $AAL $DKS $COP $MRO $FLNC $CHWY $UNH $MOH $ELV $HUM https://t.co/RHtzsx4FBt
American Airlines saw its stock lose altitude on Wednesday, recently down 14%, after cutting its second-quarter expectations for earnings and operating margins. Not a great look when the TSA said last Friday set a new record for most screened airline passengers in a single day. https://t.co/GHXcmoBymi
Behold, the 'Sullivan Top' in air travel (yes - I know TSA screenings hit a record this weekend) $AAL -15% after it slashes guidance just a month after providing it (rapid downturn?) https://t.co/IuCWCZQCU6
$AAL -15% worst day in almost 4 years https://t.co/uAxf3WGrtV
β AMERICAN AIRLINES EXTENDS DECLINE TO 16%, MOST SINCE JUNE 2020
Not all retailers are struggling. New all-time highs for $DKS https://t.co/1mefH0rSsc
πΊπΈUS PRE MARKETS $AAL -9.5%: Cut guidance. $UAL -1.8%: Reaffirmed guidance. $COP -0.8%: To acquire $MRO +11% in an all-stock transaction. $MCHP -2.8%: Announced a proposed offering of USD 1.1bln senior convertible notes $AMZN -0.8%: Bid to dismiss FTC Prime lawsuit wasβ¦
Wednesday Morning's Stocks on the Move! Gainers: $CHWY, $IMVT, $MRO, $DKS, $ANF Losers: $BHVN, $OZK, $AAL, $MRVI, $GME #Stocks #StockMarket https://t.co/Tl9IGBZP4D
Wednesday Morning's Stocks on the Move! Gainers: $CHWY, $IMVT, $MRO, $DKS, $DIOD Losers: $AAL, $PRI, $MMC, $EAT, $AMKR #Stocks #StockMarket https://t.co/IoQZVpSHoL
.@AmericanAir CEO Robert Isom says the guidance downward revision was the result, largely, due to a weaker-than-expected domestic environment. Remember, American has focused more on US domestic flying than its competitors Delta and United (which have not revised guidance). $AAL
$AAL -9% in premarket trading https://t.co/0qmxzrFT8S
π Pre-Market Movers: $COP down 3% on $MRO acquisition, $AAL falls 8% on outlook cut, $DKS up 7.7% after earnings beat! $COP $MRO $DKS $AAL $HOOD $CHWY $UAL $CAVA $MRK https://t.co/MRixoCGEX8
$DKS +8% in premarket trading as the company now sees FY: Comps +2-3% vs +1-2% prior and +2% est EPS $13.35-13.75 vs $12.85-13.25 prior and $13.30 est https://t.co/sU2UceeRhk
.@TomWhite_S outlines 3 stories to watch ahead of Wednesdayβs open: βοΈ $AAL shares are down after a cut to Q2 guidance π $DKS shares rise with an earnings beat πΆ $CHWY beats earnings with a 3.1% sales increase YoY #MorningMinute βοΈ
Stocks making the biggest moves premarket: Marathon Oil, Robinhood, American Airlines, Chewy & more https://t.co/teAoIl3kXl
Happy $DKS $ANF and $CHWY morning. Dicks up first*. Shares has slid continuously since reporting a decent Q4 and guiding to 12.85-13.25 for the year. Shares hit after $WMT reported strong sporting goods (presumption being WMT is taking share). I disagree. We see @ 4 *No puns https://t.co/okSnTT42uV
These Stocks Are Moving the Most Today: American Airlines, Marathon Oil, Robinhood, Nvidia, Cava, and More https://t.co/ZvUW3EoZqA
$AAL cutting its guidance.. those June 7th put buyers in it as well as $UAL were a bit suspicious 2 weeks ago we flagged.. going to be a triple likely tmrw @OptionsHawk https://t.co/JmOo3CSezg
American Airlines $AAL issues warning on the current quarter, signaling a slow down in air travel. Stock drops over 6% after-hours. This follows previous signs of a consumer that is pulling back on spending.
Airline stocks are trading lower in after-hours following $AAL cutting its Q2 EPS outlook and $UAL reaffirming its Q2 EPS guidance. [cc: $DAL $JETS $LUV] https://t.co/m2Co96HIuF https://t.co/iyjnoDXRk2
Stocks making the biggest moves after hours: American Airlines, Robinhood, Box and more https://t.co/te51Bdmko2
βοΈ $AAL crashing. https://t.co/cp1FPWdQkv
Trouble in Air Travel? American $AAL sees 2Q EPS $1-1.15 vs $1.15-1.145 prior 2Q TRASM -5% to -6% vs -1% to -3% prior $AAL -5% Other airlines down in sympathy
π Midday Movers: $GME $USM $NVDA $NCLH $INSM $AGIO π Check out the latest stock surges and drops driving today's market! $GME $USM $NVDA $NCLH $INSM $AGIO $DUOL $SMLR $SRPT $SE $AY $ZS $ABNB $ELAN $DKNG https://t.co/yozSI9Gt5q
π Pre-market movers: $GME up 27%, $NVDA up 3%, $NCLH up 3%, $AAPL up 1.4%, and more! Big news driving these stocks higher today! $GME $NVDA $NCLH $VIK $ABNB $DD $DUOL $HBAN $USM $DKNG $AAPL https://t.co/qaRTucEkgh
Stocks making the biggest moves premarket: GameStop, Nvidia, Airbnb, Viking and more https://t.co/VaKU3Dh7Xd
$GME +25% pre-market π’ https://t.co/ggEQh9wloN
These Stocks Are Moving the Most Today: GameStop, Nvidia, Apple, Cava, and More https://t.co/zozepjykr7