American Stocks In Freefall Southwests Earnings Report To Blame

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· southwest airlines and american airlines group issued warnings about their financial results, sending shares of both sinking. And with the airline completely upending its business model, the quarter is a good opportunity to check in with how things are going. Southwest airlines, which missed both top and bottom-line forecasts, at … Trading hours, american airlines, despite beating revenue expectations, dropped nearly 10%. · in an april 23 filing to the securities and exchange commission (sec), southwest said that it now expects second-quarter unit revenue to be down by 4% from the same quarter last year. · southwest and american shares have dropped nearly 50% and 70%, respectively, over the last five years. Southwest airlines and american airlines stocks were both falling early thursday as investors were left disappointed by the carriers’ second-quarter earnings reports and commentary. Quarterly revenue … Southwest airlines also experienced a similar fate, … Southwest airlines reported quarterly adjusted earnings of 43 cents per share, which missed the street consensus estimate of 51 cents per share. Southwest said it would be hurt by the arrival … Southwest’s share price was down more than 12% early thursday afternoon after the carrier cut its forecast for full-year earnings before taxes to $600 million to $800 million—53% to 65% … · shares of american airlines and southwest airlines both dropped sharply thursday, after the carriers reported slack second-quarter demand for travel and potential … · southwest airlines held its second quarter earnings call on thursday. · the adjusted loss per share for american airlines came in at $4. 32, while analysts had estimated a loss of $4. 30 per share. Consumers for travel.