JETS - Why Is American Airlines Stock Seeing Blue Skies Today? | Benzinga
American Airlines Group Inc. (NASDAQ:AAL) shares are trading higher after the company reported first-quarter financial results and issued second-quarter adjusted EPS guidance with a midpoint above estimates.
Total revenue increased 3.1% to $12.57 billion, just missing estimates of $12.60 billion.
Adjusted operating margin stood at 0.6% in the first quarter vs. 3.7% a year ago.
The company reported an adjusted EPS loss of $(0.34), which missed the consensus estimate of $(0.29).
Related: American Airlines Is ‘A Guide And Beat Story,’ Analyst Says As Stock Gets Upgrade
The company generated an operating cash flow of $2.2 billion and a free cash flow of $1.4 billion in the quarter.
American Airlines reduced ...