The carrier now expects to earn between $2.60 and $2.85 per share on an adjusted basis for the year. This latest projection represents a significant reduction from the company’s previous guidance issued in July, when Southwest anticipated adjusted earnings ranging from $3.25 to as high as $4.25 per share. The adjustment reflects the mounting financial […]
American Airlines has slashed its financial forecast for the year, warning investors that it now expects deeper losses as a sharp spike in jet fuel prices completely eclipses record-shattering passenger revenue. The Fort Worth, Texas-based carrier announced Thursday that it is slowing its capacity growth for the upcoming year in response to the volatile macroeconomic […]