American Airlines beats by $0.06, reports revs in-line; guides Q3 unit revenue +0.5-2.5% with Q4 better (50.00)
- Reports Q2 (Jun) earnings of $1.92 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $1.86; revenues rose 7.2% year/year to $11.11 bln vs the $11.08 bln Capital IQ Consensus.
- Q2 TRASM increased by 5.7 percent, on a 1.4 percent increase in total available seat miles. Co raised Q2 TRASM to 5-6% from 3.5-5.5%; margin to 13-14% from 12-14% on July 12.
- "We expect third-quarter TRASM to increase ~0.5 to 2.5 percent year-over-year, which reflects continued improvement in customer demand for corporate and leisure travel. We expect third-quarter pre-tax margin excluding special items to be between 10.0 and 12.0 percent.2 We also expect our fourth-quarter TRASM growth to exceed the third quarter's growth rate,"