WASHINGTON (dpa-AFX) - American Airlines Group Inc. (AAL) Thursday issued
second-quarter earnings view, after reporting wider-than-expected loss in its
first quarter, despite higher revenues. Further, the company maintained its
fiscal 2024 earnings forecast.

In pre-market activity on the Nasdaq, American Airlines shares were gaining
around 4.7 percent to trade at $14.60.

For the second quarter, the company expects its adjusted earnings per share to
be between $1.15 and $1.45.

Analysts on average expect the company to report earnings of $1.18 per share for
the second quarter, according to figures compiled by Thomson Reuters. Analysts'
estimates typically exclude special items.

The outlook is based on present demand trends and the current fuel price
forecast.

For fiscal 2024, the company continues to expect its adjusted earnings per share
to be between $2.25 and $3.25. Analysts expect the company to report earnings of
$2.35 per share.

In its first quarter, net loss was $312 million, compared to prior year's profit
of $10 million. Loss per share were $0.48, compared to profit of $0.02 a year
ago.

Adjusted net loss for the first quarter was $226 million or $0.34 per share,
compared to prior year's profit of $33 million or $0.05 per share.

Total operating revenues grew 3.1 percent to $12.57 billion from last year's
$12.19 billion.

The Street estimated loss of $0.29 per share on revenues of $12.6 billion for
the quarter.

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