Airline

American shares sink after cutting second quarter earnings forecast

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American shares sink after cutting second quarter earnings forecast

American Airlines' shares fell 15% on May 29, 2024, after it updated its second quarter 2024 guidance. The guidance had changed its adjusted operating margin from 9.5%-11.5% to 8.5%-10.5%. Its adjusted earnings per diluted shares to $1-$1.15, down from $1.15-$1.45. Its year-on-year total revenue pe...

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