Financial LeverageHigh financial leverage remains an obstacle for AAL's share price re-rating, restricting expansion opportunities and fleet modernisation.
Macroeconomic FactorsMacroeconomic weakness could curb discretionary spending on travel, as rising unemployment and higher cost of living may lead households to cut back on travel spending.
Revenue OutlookThe company's TRASM metric was cut by approximately 4 points, reflecting a less favorable revenue outlook than previously anticipated.