Shares declined 0.8% as investors appeared cautious despite solid operational execution and an increased full-year guidance, likely reflecting concerns over margin pressure from rising airline input costs and signs of moderating traffic growth in key regions.
- Reported adjusted EPS of $5.14 in Q2, supporting an 18% adjusted return on equity.
- Generated $1.5 billion in operating cash flow, enabling $690 million in share repurchases during the quarter and over $1.4 billion year-to-date.
- Completed $1.4 billion in asset sales with a 20% gain-on-sale margin, highlighting active portfolio management.
- Raised full-year EPS guidance to $16.80 excluding any further asset sale gains, reflecting continued confidence despite emerging headwinds.
- Noted geopolitical-driven higher airline input costs and regional variations in travel demand, with some deceleration in Middle East, Asia Pacific, and North America flight activity.
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