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Sign InMarket attention is shifting toward the aviation sector as American Airlines (AAL) prepares to report earnings, following a complex quarterly update from Alcoa. Alcoa reported adjusted EPS of $1.40, missing the analyst consensus of $1.47, primarily due to a 31% decline in alumina shipments caused by shipping delays in Australia linked to Middle East conflicts and Cyclone Narelle. However, the company saw adjusted EBITDA rise to $595 million, bolstered by higher aluminum prices. In a move to strengthen its balance sheet, Alcoa also announced plans to redeem the remaining $219 million of its 6.125% senior notes due 2028 this May. These developments contribute to a cautious sentiment regarding the upcoming American Airlines results and broader industrial performance. Analysts remain focused on how geopolitical and weather-related disruptions continue to impact global supply chains and corporate profitability.