American Airlines (AAL), the world’s largest international carrier, has reported second quarter earnings that beat Wall Street forecasts across the board as travel demand surges globally.
American Airlines reported earnings per share of $1.92 U.S. versus $1.59 U.S. that was expected by analysts who track the company’s progress.
Revenue in Q2 totaled $14.06 billion U.S. compared to $13.74 billion U.S. that had been forecast, according to Refinitiv data.
Additionally, the airline raised its forward guidance for all of 2023, saying it expects the current travel boom to continue throughout this year’s second half and into next year.
American Airlines strong Q2 results come after rival carrier United Airlines (UAL) announced record earnings for this year’s second quarter due to strengthening air travel trends.
The stock of American Airlines has gained 22% in the past year to trade at $18.60 U.S. a share.
