Here's What Key Metrics Tell Us About American Airlines (AAL) Q1 Earnings
American Airlines (AAL) reported $12.19 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 37%. EPS of $0.05 for the same period compares to -$2.32 a year ago.
The reported revenue represents a surprise of -0.08% over the Zacks Consensus Estimate of $12.2 billion. With the consensus EPS estimate being $0.04, the EPS surprise was +25.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how American Airlines performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating cost per ASM (excluding special items and fuel) - Total Mainline & Regional: 13.18 cents compared to the 13.15 cents average estimate based on four analysts.
Operating cost per ASM excluding special items: 18.06 cents versus 18.1 cents estimated by four analysts on average.
Passenger load factor (percent) - Total: 80% compared to the 82.13% average estimate based on four analysts.
Average aircraft fuel price including related taxes - Total: 3.28 $/gal versus 3.36 $/gal estimated by four analysts on average.
Passenger revenue per ASM - Total: 17.08 cents versus 17.18 cents estimated by four analysts on average.
Available seat miles - Total: 65006 million versus the four-analyst average estimate of 65101.92 million.
Total revenue per ASM - Total: 18.75 cents compared to the 18.8 cents average estimate based on four analysts.
Yield - Total: 21.35 cents compared to the 20.93 cents average estimate based on three analysts.
Fuel consumption - Total: 965 MGal compared to the 955.89 MGal average estimate based on three analysts.
Revenue- Passenger: $11.10 billion compared to the $11.16 billion average estimate based on five analysts.
Revenue- Other: $863 million versus the four-analyst average estimate of $804.78 million. The reported number represents a year-over-year change of +20.4%.
Revenues- Cargo: $223 million versus $314.17 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -38.7% change.
View all Key Company Metrics for American Airlines here>>>
Shares of American Airlines have returned -11.2% over the past month versus the Zacks S&P 500 composite's +2.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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American Airlines Group Inc. (AAL) : Free Stock Analysis Report
