Published on 29 May 2024 on Benzinga
American Airlines Group, Inc. AAL shares were trading lower in the premarket session on Wednesday after ending yesterday’s run on the bourses with almost a 3% dip. Shares slumped over 6% after hours.
Yesterday, the airline lowered its adjusted earnings per share forecast from $1.15 to $1.45 to a new range of $1.00 to $1.15, according to an exchange filing. Second-quarter average fuel price is now expected to be approximately $2.70 to $2.80 per gallon of jet fuel.