American Airlines Group Inc. has increased its full-year profit forecast, expecting adjusted earnings of up to $1.60 per share, which is higher than the average forecast of $1.23 from analysts.
This adjustment comes as the airline reports positive results for the third quarter, indicating that its recent shift from a previously unsuccessful sales strategy is starting to pay off.
The company had previously projected a maximum profit of $1.30 per share for 2024, showing a significant improvement in its financial expectations.
Despite facing higher costs, American Airlines is showing resilience and adaptability in a challenging market environment.