American Airlines (AAL) shar🦹es gain𓃲ed over 2% in early trading on Thursday after the carrier reported better-than-expected profit as bookings for the holiday season rose, though the carrier warned its full-year results could take a hit from higher fuel costs.

The largest U.S. airline by passengers carried reported third quarter fiscal 2023 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) $0.38, beating estimates. In additio🌜n, the company in⛄dicated that bookings for the upcoming holiday season are better than a year ago.

However, third quarter revenue grew just 0.1% year-over-year to $13.48 billion, and while that was a record high, it came in below forecasts. The airline also cut its full-year profit outlook, partly because of higher fuel costs. American now expects 2023 EPS in a range of $2.๊25 to $2.50, down from its previous guidance of $3 to $3.75. 

As with some of its rivals, American is being impacted by the fighting between Israel and Hamas, as it has suspended flights to and from Tel Aviv through Dec. 4. The carrier also recently struck an agreement with its pilots’ union on a new, four-year contract valued at $9.6 billion.

Shares of American Airlines hit a three-year low Wednesday after United Airlines (UAL) warned that the cancellation of its flights to Israel and higher fuel prices 澳洲幸运5官方开奖结果体彩网:will negatively impact results. Despit🌱e Thursday's advance, American shares remained down for the year.