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American Airlines share price: what can we expect from the Q4 results?

Explore our overview of American Airlines' upcoming Q4 2023 earnings report. Get the latest insights on expected earnings, analyst forecasts, and strategic trading tips as the aviation giant reveals its financial performance.

Source: Bloomberg

When are the American Airlines results?

American Airlines Group Inc., the Nasdaq-listed air carrier operator for passengers and cargo, is set to report its fourth-quarter earnings for 2023 (Q4 2023) on 25 January 2024.

Key takeaways

  • American Airlines will release Q4 results on 25 January 2024
  • Q4 2023 earnings per share of $0.10 expected
  • A mean of analyst forecasts suggests a long-term price target of $15.36
  • A consensus of analyst ratings has a ‘hold’ rating on the stock.

What to expect from American Airlines Q4 2023 results?

In the group's previous fiscal quarter results (Q3 2023), the following was guided for the upcoming results:

"Based on demand trends and the current fuel price forecast, and excluding the impact of special items, the company expects its fourth-quarter 2023 adjusted operating margin to be 2% to 4%. American now expects its full-year 2023 adjusted operating margin to be approximately 7%."

A consensus of analyst estimates from Refinitiv data suggests the following in terms of the upcoming results:

  • Q4 2023 revenue to have decreased by 1.3% year-on-year (y/y)
  • Full Year 2023 (FY 2023) revenue to have increased by 7.7% from the previous year to $52.754bn
  • Q4 2023 earnings per share of $0.10
  • FY 2023 earnings per share of $2.46.

How to trade the American Airline results

As of 22 January 2024, a Refinitiv poll of analyst/broker ratings on American Airlines suggests the share to be a hold at current levels. However, a mean of these analyst price targets suggests the stock price is currently trading at a 12% discount to what is deemed a longer-term fair value for the counter.

Analyst/broker ratings

Source: Refinitiv

American Airlines share price: technical view

The share price of American Airlines currently trades in a broad sideways trend over the long term. In the near term, we have seen a bullish price reversal off the $12.85 support level and from oversold territory. $14.70 becomes the initial resistance target from the move, while a close below the $12.85 support level might be used as a stop-loss indication.

To unlock meaningful gains, traders might hope to see a break above resistance ($14.70), confirmed with a close, in which case $17.40 would become a further upside resistance target from the move.

Source: IG charts

This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

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