[moreButton]
 Learn then Earn

 story : American Airlines stock drops after revenue warning, as rise in COVID-19 cases hurt bookings #FinanceUSA #StockMarketNEWS Shares of American Airlines Group Inc. shed 1.4% in premarket trading Thursday,

@stockMarketNEWS 10 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

American Airlines stock drops after revenue warning, as rise in COVID-19 cases hurt bookings #FinanceUSA #StockMarketNEWS
Shares of American Airlines Group Inc. shed 1.4% in premarket trading Thursday, after the air carrier cut its third-quarter revenue outlook, as the recent rise in COVID-19 cases has led to weak bookings starting in August. The company now expects revenue to be down 24% to 28% from the same period in pre-pandemic 2019, compared with previous guidance of a 20% decline. The FactSet revenue consensus of .23 billion implies a 22.5% decline. The company said it now expects adjusted pre-tax margin to be negative 10% to negative 14% versus previous guidance of negative 3% and negative 7%. American Airlines' lowered outlook comes as several fellow air carriers also cut their revenue guidance on Thursday, as increasing COVID-19 cases has led to lower bookings. American's stock has dropped 19.8% over the past three months through Wednesday, while the U.S. Global Jets ETF has lost 15.0% and the S&P 500 has gained 7.0%.


Munafa USA Munafa India Munafa NSE


Report

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme