American Airlines Exceeds 3Q Profit Estimates Written 20 October 2023


American Airlines aircraft at Phoenix Sky Harbor International Airport. | Credit: Quintin Soloviev/Wikipedia; CC BY-SA 4.0

Reuters reports on Thursday American Airlines posted its third-quarter earnings, which “beat estimates for third-quarter adjusted profit.” American “said bookings for the upcoming holiday season have been steady, sending its shares up nearly 5% in morning trading.” According to Reuters, “U.S. airlines with international operations are seeing relentless demand for long-haul flights as a stronger dollar encourages more Americans to plan holidays abroad.” American CEO Robert Isom said, “Domestic demand remains steady, while international demand continues to drive revenue growth led by the Atlantic, Caribbean and Central America.”
Full Story (Reuters)