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AAL Stock Drops After $2.2B Fuel Costs Spark Full-Year Guidance Cut Despite Q2 Beat
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American Airlines reported Q2 revenue of $16.7 billion, a record, with adjusted EPS of $0.15 beating estimates.
The company cut its full-year guidance due to $2.2 billion in fuel costs.
AAL stock dropped following the guidance cut despite the Q2 beat.
The higher fuel costs are attributed to increased capacity and rising fuel prices.
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Rajeev Chandrasekhar / Jupiter Capital interests historically