American Airlines (AAL) Q1 2024 earnings

An American Airlines Boeing 737 airliner from Austin arrives at JFK International Airport in New York as the Manhattan skyline looms in the background on February 7, 2024.

Charlie Tripalo | AFP | Getty Images

The US airline posted a loss in the first quarter, but its forecast for the current period beat analysts' estimates, sending shares up nearly 5% on Thursday.

American expects to earn between $1.15 and $1.45 per share in the second quarter, on an adjusted basis, much higher than the $1.18 that analysts compiled by LSEG estimate on average. American reiterated its earnings forecast of between $2.25 and $3.25 per share for the full year.

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