American Airlines said on Thursday it expects to post a first-quarter loss, sending its stock tumbling even after it reported a $590 million profit at the end of last year. The Fort Worth-based air carrier finished 2024 with a record $52.

American Airlines last year said it would reverse a business-travel sales strategy that backfired. The airline signed a new credit card deal with Citi late last year. American Airlines' first-quarter earnings outlook on Thursday fell short of analysts' estimates,