American Airlines Group Inc (NASDAQ:AAL) reported a 75% drop in adjusted earnings to $0.29 per share in the fourth quarter of 2023 but still came in well above the consensus estimate of $0.10.
Total revenue decreased 1% to $13.06 billion, just beating estimates of $13.02 billion.
For the fourth quarter of 2023, American Airlines reported a net income of $19 million, down nearly 98% from $803 million a year ago.
Guidance: American Airlines expects its first-quarter 2024 adjusted loss per diluted share of ($0.15)-($0.35), versus the consensus of $(0.17).
American expects its full-year 2024 adjusted earnings per diluted share of $2.25-$3.25 versus the consensus of $2.25.