The US airline American Airlines expects the vigorous recovery to continue in the final quarter in view of customers' desire to travel.
The company is thus following the competition, which, despite general concerns about consumer purchasing behavior in times of high inflation, also expects continued good demand for travel. In addition, the industry also benefits from sometimes significantly lower capacities, which enables higher ticket prices.
American Airlines revenue in the final quarter is expected to be 11 to 13 percent above the level of the fourth quarter of 2019, i.e. above the pre-corona level, as reported by the German aviation portal Aero. In addition, adjusted earnings per share of 0,50 to 0,70 US dollars are to be achieved. Even at the lower end, that would be significantly more than average analysts expected and, at best, even a cent more than the third quarter, which is usually particularly good for airlines because of the summer travel season.
Revenue rose 2019 percent to $13 billion for the quarter compared to the same period in 13,5, despite lower capacity. The company management had recently announced such a development and therefore raised its company forecast for the third quarter. Compared to the third quarter of 2021, which was heavily affected by corona, it was even an increase in sales of 50 percent. On balance, American Airlines made $483 million, nearly three times what it was a year ago.