The Dallas carrier posted adjusted EPS of 94 cents against a 51-cent consensus estimate, but its third-quarter earnings outlook of 50–75 cents trailed the 82-cent analyst expectation
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The carrier said it now expects full-year adjusted earnings per share of $3.25 to $4.25, compared with its forecast from January for at least $4.
Carriers see travelers continuing to pay up—and aren’t rushing to bring back flights and routes trimmed during oil’s surge.
US airline stocks gain between 3% and 7% as falling crude prices eased concerns over rising operating costs for carriers.
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