FORT WORTH, Texas (AP) - American Airlines Group Inc. (AAL) on Friday reported fourth-quarter net income of $3.28 billion.
FORT WORTH, Texas (AP) — American Airlines Group Inc. (AAL) on Friday reported fourth-quarter net income of $3.28 billion.
The Fort Worth, Texas-based company said it had profit of $5.09 per share. Earnings, adjusted for non-recurring gains, came to $2 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share.
The world's largest airline posted revenue of $9.63 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $9.67 billion.
American Airlines shares have dropped nearly 10 percent since the beginning of the year. The stock has decreased 25 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAL at http://www.zacks.com/ap/AAL
Keywords: American Airlines, Earnings Report, Priority Earnings