American Airlines cuts 2024 profit forecast on pricing pressure-February 2024-www.financetom.com

American Airlines cuts 2024 profit forecast on pricing pressure

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American Airlines cuts 2024 profit forecast on pricing pressure

Jul 25, 2024 4:36 AM

July 25 (Reuters) - American Airlines ( AAL ) cut its

annual profit forecast on Thursday as uneven demand trends and

overcapacity in certain markets dampened the carrier's pricing

power.

The company now expects an adjusted profit between $0.70 per

share and $1.30 per share, compared with its previous forecast

of $2.25 to $3.25 per share.

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