Airline Stocks React to Mixed Earnings Reports
American Airlines shares fell as the company's second-half earnings outlook disappointed investors, despite lifting its full-year profit forecast and reporting higher-than-expected quarterly earnings. The outlook suggested a slowdown in earnings for the second half compared to the first six months of the year, leading to concerns among analysts. Additionally, concerns were raised about potential increases in non-fuel costs after the company reopened negotiations with its pilots, and worries about the company's ability to offset cost pressure as its revenue forecast indicated a decline in ticket prices for domestic travel. American Airlines' shares closed down 6.2% at $17.44.