Yahoo Finance Live’s Rachelle Akuffo discusses the decline in stock for American Airlines.
RACHELLE AKUFFO: Thank you.
All right, now for our trending ticker. Investors lowering the altitude of American Airlines on the airline’s updated profit outlook. The airline releasing updated earnings expectations for later this month that are coming short of analysts’ expectations with adjusted earnings per share between $0.01 to $0.05 versus expectations of $0.05 per share based on Bloomberg consensus.
Airlines like American, of course, particularly exposed to movements in the energy sector as the peak summer travel season looms. We see that the stock down almost about 9 and 1/2% on the day.