) shares tumbled 8.55% premarket Thursday after the company announced a cut to its full-year earnings guidance, overshadowing a slight beat in second-quarter earnings.
The midpoint of the guidance, $1.00, is also well below the consensus, indicating a more cautious outlook from the company. AAL expects its third-quarter 2024 adjusted earnings per diluted share to be approximately breakeven, reflecting the ongoing impacts of its previous sales strategy. The airline has taken steps to improve its sales and distribution, including restoring competitive fares and expanding benefits in its AAdvantage Business program. Additionally, American Airlines has focused on strengthening relationships with corporate customers and travel agencies.
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