For Q4 2024, American Airlines projected adjusted EPS between $0.25 and $0.50. It raised its full-year forecast to $1.35 to $1.60 per share, up significantly from prior guidance of $0.70 to $1.30. Management also expects to reduce total debt by $15 billion by 2025, leveraging network enhancements and collaborations to solidify market presence.

Global airline American Airlines (NASDAQ:AAL) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 1.2% year on year to $13.65 billion. Its GAAP loss of $0.23 per share was 275% below analysts’ consensus estimates.

American Airlines shares are trading flat during Wednesday's session. Investors are looking ahead to the company's Q3 earnings report, scheduled for Thursday before the market opens.

Low fuel costs are expected to have aided AAL’s bottom-line performance in the September quarter. Oil price has declined 14% in the July-September period. For the third quarter of 2024, we expect the average fuel cost to be $2.68 per gallon, down 8% from year-ago actual.

Earnings have started to garner steam, and investors will turn their attention to the U.S. airlines sectors, with heavyweight American Airlines (NASDAQ:AAL) and Southwest Airlines (NYSE:LUV) reporting on October 24,

Operator Hello, everyone, and welcome to the Southwest Airlines third-quarter 2024 conference call. I'm Gary, and I'll be moderating today's call, which is being recorded. A replay will be available on southwest.