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American Airlines (AAL) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended June 2024, American Airlines (AAL - Free Report) reported revenue of $14.33 billion, up 2% over the same period last year. EPS came in at $1.09, compared to $1.92 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $14.42 billion, representing a surprise of -0.60%. The company delivered an EPS surprise of +4.81%, with the consensus EPS estimate being $1.04.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how American Airlines performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating cost per ASM excluding net special items and fuel - Total: 13.14 cents versus 13.21 cents estimated by four analysts on average.
Operating cost per ASM excluding net special items - Total: 17.21 cents compared to the 17.45 cents average estimate based on four analysts.
Passenger load factor (percent) - Total: 86.6% compared to the 84.6% average estimate based on four analysts.
Average aircraft fuel price including related taxes - Total: 2.7 $/gal compared to the 2.75 $/gal average estimate based on four analysts.
Passenger revenue per ASM - Total: 17.54 cents versus the four-analyst average estimate of 17.62 cents.
Passenger revenue- Domestic: $9.34 billion versus $9.51 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.6% change.
Passenger revenue- Pacific: $279 million versus $285.59 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9.4% change.
Passenger revenue- Atlantic: $2.02 billion compared to the $1.82 billion average estimate based on two analysts. The reported number represents a change of +6.9% year over year.
Passenger revenue- Latin America: $1.56 billion versus the two-analyst average estimate of $1.66 billion. The reported number represents a year-over-year change of -4.8%.
Revenue- Passenger: $13.20 billion versus $13.28 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +1.7% change.
Revenue- Other: $937 million versus the five-analyst average estimate of $937.75 million. The reported number represents a year-over-year change of +6.5%.
Revenue- Cargo: $195 million versus the five-analyst average estimate of $198.17 million. The reported number represents a year-over-year change of -1%.
Shares of American Airlines have returned -8.5% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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American Airlines (AAL) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2024, American Airlines (AAL - Free Report) reported revenue of $14.33 billion, up 2% over the same period last year. EPS came in at $1.09, compared to $1.92 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $14.42 billion, representing a surprise of -0.60%. The company delivered an EPS surprise of +4.81%, with the consensus EPS estimate being $1.04.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how American Airlines performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating cost per ASM excluding net special items and fuel - Total: 13.14 cents versus 13.21 cents estimated by four analysts on average.
- Operating cost per ASM excluding net special items - Total: 17.21 cents compared to the 17.45 cents average estimate based on four analysts.
- Passenger load factor (percent) - Total: 86.6% compared to the 84.6% average estimate based on four analysts.
- Average aircraft fuel price including related taxes - Total: 2.7 $/gal compared to the 2.75 $/gal average estimate based on four analysts.
- Passenger revenue per ASM - Total: 17.54 cents versus the four-analyst average estimate of 17.62 cents.
- Passenger revenue- Domestic: $9.34 billion versus $9.51 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.6% change.
- Passenger revenue- Pacific: $279 million versus $285.59 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9.4% change.
- Passenger revenue- Atlantic: $2.02 billion compared to the $1.82 billion average estimate based on two analysts. The reported number represents a change of +6.9% year over year.
- Passenger revenue- Latin America: $1.56 billion versus the two-analyst average estimate of $1.66 billion. The reported number represents a year-over-year change of -4.8%.
- Revenue- Passenger: $13.20 billion versus $13.28 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +1.7% change.
- Revenue- Other: $937 million versus the five-analyst average estimate of $937.75 million. The reported number represents a year-over-year change of +6.5%.
- Revenue- Cargo: $195 million versus the five-analyst average estimate of $198.17 million. The reported number represents a year-over-year change of -1%.
View all Key Company Metrics for American Airlines here>>>Shares of American Airlines have returned -8.5% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.