On March 12, American Airlines Group is presenting information relating to its financial and operational outlook at the 2024 J.P. Morgan Industrials Conference, the company disclosed in a regulatory filing. Also on March 12, the company provided to investors updated financial and operational guidance relating to the first quarter of 2024. “Fuel prices have increased considerably since the company’s initial first-quarter guidance issued on January 25, 2024. The company now expects to pay an average of between $2.80 and $2.90 per gallon of jet fuel (including taxes) in the first quarter. Based on these updated assumptions related to increased fuel costs, the company expects its adjusted loss per diluted share to be at the low end of the prior guidance range of approximately ($0.15) and ($0.35). The company is reaffirming its full-year 2024 guidance,” the filing stated. Consensus (23c).
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