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BUZZ-American Airlines falls on 2025 profit forecast below expectations

ReutersJan 23, 2025 12:13 PM

** American Airlines Group's shares AAL.O fall 7% to $17.35 premarket

** AAL forecasts 2025 profit below Wall Street expectations, hurt by an uptick in jet fuel prices and efforts to fix a sales-strategy misstep that drove away corporate travelers

** Sees 2025 adj. profit to range between $1.70 and $2.70 per share, compared with estimates of $2.42 per share

** Total Q4 operating revenue up 4.6% from a year ago to about $13.7 billion

** Posts Q4 profit of $590 mln, or 84 cents per share, compared with $19 million, or 3 cents per share, a year earlier

** In 2024, stock had risen 26.9%

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