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Investing.com -- American Airlines Group Inc. reported a narrower-than-expected first-quarter loss on Thursday, but missed revenue estimates and withdrew its full-year guidance, sending shares down 1% in premarket trading.
The airline posted an adjusted loss of $0.59 per share for the first quarter, beating analyst expectations of a $0.62 loss. Revenue came in at $12.6 billion, slightly below the consensus estimate of $12.68 billion and up 0.7% YoY.
American Airlines (NASDAQ:AAL) withdrew its full-year 2025 guidance, citing economic uncertainty. For the second quarter, the company forecast adjusted earnings per share between $0.50 and $1.00, compared to analyst estimates of $0.96.
"The actions American has taken over the past several years to refresh our fleet, manage costs and strengthen our balance sheet position us well for the uncertainty our industry is facing," said CEO Robert Isom.
The airline reported total unit revenue increased 0.7% YoY, driven by strength in international markets. However, economic uncertainty pressured domestic leisure demand.
American Airlines generated $1.7 billion in free cash flow during the quarter, allowing it to reduce total debt by $1.2 billion. The company ended Q1 with $10.8 billion in total available liquidity.
While withdrawing full-year guidance signals caution, American Airlines said it intends to provide an update "as the economic outlook becomes clearer."