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Non-Tech : American Airlines Group, Inc.
AAL 27.48-0.9%Dec 13 4:00 PM EST

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From: Sam1/10/2019 9:27:40 AM
   of 868
 
American Airlines shares slide 6.6% premarket after carrier cuts 2018 EPS guidance
MARKETWATCH 8:14 AM ET 1/10/2019

Symbol Last Price Change
33.42 0 (0%)
QUOTES AS OF 04:15:00 PM ET 01/09/2019


American Airlines Group Inc.'s (AAL) shares (AAL) tumbled 6.6% in premarket trade Thursday, after the carrier cut 2018 guidance to below consensus as it books about $250 million in pretax special items for the fourth quarter. The company said it now expects 2018 EPS to range from $2.92 to $3.12, and adjusted EPS to range from $4.40 to $4.60. The FactSet consensus is for EPS of $4.62. The company said special items include fleet restructuring costs, merger integration costs, aircraft rent cost associated with a new lease accounting standard and mark-to-market adjustments for bankruptcy obligations and equity investments. The company is expecting revenue per available seat mile to be up about 1.5% from the year-earlier period, at the low end its of previous guidance of up 1.5% to up 3.5%. Shares have fallen 37.9% in the last 12 months, while the S&P 500 has fallen 5.9%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

marketwatch.com


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