American Airlines CEO Says Expect Five New Chicago Gates By End Of Year
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American Airlines CEO Says Feels "Really Good" About Q3 Revenue Guidance Of 16%-19% YoY Growth; Says Vast Majority Of Current Revenue Gains Can Be Retained, Expects Performance To Be Durable; Says Revenue Strength Broad-Based Across Domestic, International, Front Cabin And Coach; Says Airline Has Recaptured "A Tremendous Amount" Of Higher Fuel Expense Through Revenue; Says From A Co-Brand Perspective, We're Looking At Cash Regeneration Of About $8B This Year
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American Airlines CEO Speaking At Morgan Stanley Conference Says Fuel Costs Have Climbed By Over $1B Heading Into Q4
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American Airlines CEO Says As Fuel Stabilizes, It Eventually Will, Really Look To Us Being Back On Track, Producing Much Improved Margins, Producing FCF
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Shares of consumer staples companies are trading higher as surging oil prices due to military strikes in Saudi Arabia, Yemen and the Strait of Hormuz helped push the U.S. 10-year yield to 5.00%. Investors may be seeking haven in stocks with better cash-generation profiles amid worries over elevated inflation and Fed interest rates.
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