American Airlines (NASDAQ: AAL) posted losses in its latest earnings report for Q1, but better-than-expected revenue result.
American Airlines' latest report showed a quarterly loss of US$0.59 per share (EPS) versus the Zacks Consensus Estimate of a loss of $0.69.
Last quarter's EPS was ahead of estimates.
First-quarter revenue came in at $12.6 billion, and it ended the quarter with $10.8 billion of total available liquidity.
The world's largest airline also became the latest to withdraw it's financial forecasts for this year, alongside Southwest Airlines and Alaska Air. This was followed by similar moves by Delta Air and Frontier earlier this month.
"The economic uncertainty in the market has pressured demand and impacted American's first-quarter results and second-quarter outlook," American Airlines CEO Robert Isom said in a conference call after the report release.
American Airlines Group Inc's share price was $9.75 at the time of writing. It has a market capitalisation of approximately $6.41 billion.
