American Airlines’ shares fell 15% on May 29, 2024, after it updated its second quarter 2024 guidance. The guidance had changed its adjusted operating margin from 9.5%-11.5% to 8.5%-10.5%. Its adjusted earnings per diluted shares to $1-$1.15, down from $1.15-$1.45. Its year-on-year total revenue per seat mile (TRASM) is expected to be a negative 5%-6%, down further from the previous estimation of a negative 1%-3%. Its cost per available seat mile excluding fuel and net special items (CASM-ex) is forecast to be flat to a positive 1%, updated from a positive 1%-3%. Though, fuel price is set to be lower

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