American Airlines announces unexpected forecast for first-quarter loss

Investing.com — American Airlines has said it expects to post a loss in its current quarter, breaking from a more upbeat outlook from its rivals.

The carrier noted that, based on present demand trends, the current outlook for fuel prices and excluding the impact of special items, it estimates that it will report a first-quarter adjusted loss per diluted share of between $0.20 and $0.40.

Shares in American Airlines (NASDAQ:AAL) slumped in US premarket trading on Thursday.

(This is a developing story. Please check back later for updates.)

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