Summary by Moomoo AI
On March 12, 2024, American Airlines Group Inc. presented its financial and operational outlook at the J.P. Morgan Industrials Conference, which was webcasted and accompanied by presentation slides on the company's website. The company also provided updated financial and operational guidance for the first quarter of 2024 to investors. Due to a significant increase in fuel prices since the initial guidance on January 25, 2024, American Airlines now expects to pay between $2.80 and $2.90 per gallon for jet fuel, including taxes. Consequently, the company anticipates its adjusted loss per diluted share for the first quarter to be at the lower end of the previously estimated range of approximately ($0.15) to ($0.35). Despite the increased fuel costs, American Airlines is maintaining its full-year 2024 guidance. The company's forward-looking statements are subject to risks and uncertainties that could materially affect actual results.