Shares of American Airlines Group (NASDAQ:AAL) are sliding lower today after its preliminary first-quarter numbers disappointed investors.
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The company expects EPS to hover between $0.01 and $0.05 for Q1. Analysts are expecting an EPS of $0.04 on $12.21 billion in revenue for the period. AAL is slated to announce first-quarter numbers on April 20.
During Q1, the company notched 65 billion total available seat miles, which was 9.2% higher than the year-ago level. Further, total revenue per available seat mile (TRASM) is now expected to be 25.5% more than the year-ago period.
Overall, the Street has a $17.63 consensus price target on AAL implying a 23.11% potential upside in the stock. That’s after a nearly 18% runup in MSFT shares so far this year.
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