American Airlines Stock Forecast: The American Airlines Group Inc. (NASDAQ: AAL) shares increased by 2.4% before the market’s opening on Friday, driven by the company’s performance for the third quarter and impressive projection for the fourth quarter. In comparison to the previous year’s same quarter, when the carrier lost 25 cents per share on net income of $169 million, it reported a profit of 69 cents per share on net income of $483 million.
American Airlines Stock Forecast
A net income of $478 million was generated for the carrier, resulting in earnings of 69 cents per share. According to a poll by FactSet, market experts anticipate earnings of 54 cents per share on net income of $403 million. American Airlines recorded revenue of $13.462 billion for the third quarter, an increase from the $8.969 billion it reported in the same period last year. According to the responses of analysts surveyed by FactSet, the expected revenue was $13.365 billion. Despite American Airlines (NASDAQ: AAL) flying 9.6% less capacity than usual during the time, the business said that revenue for the third quarter was up 13% compared to the same period in 2019, before the pandemic hit.
The load factor for the firm for the third quarter came in at 85.3%, which is higher than the FactSet estimate of 84.9%. The Chief Executive Officer of American Airlines (NASDAQ: AAL), Robert Isom, said in a statement that “the American Airlines team continues to deliver on our goals of running a dependable business and returning to profitability.” “The demand is still quite high, and it is abundantly evident that consumers in the United States and other areas of the world continue to place a high value on air travel and the opportunity to reconnect after the epidemic.” American Airlines (NASDAQ: AAL) forecasts its revenue for the fourth quarter would increase by 11% to 13% compared to the same period in 2019, despite a capacity reduction of 5% to 7%.
The business anticipates fourth-quarter earnings of 50 cents to 70 cents per share, excluding items, compared to the consensus estimate provided by FactSet, which is 19 cents per share.
Featured Image- Megapixl @ Pavel0887
Author Valerie Remorosa 
