American Airlines tops 3Q net income expectations
FORT WORTH, Texas (AP) — FORT WORTH, Texas (AP) — American Airlines Group Inc. (AAL) on Thursday reported third-quarter earnings of $942 million.
The Fort Worth, Texas-based company said it had profit of $1.28 per share. Earnings, adjusted for non-recurring costs, came to $1.66 per share.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.
The world's largest airline posted revenue of $11.14 billion in the period, which did not meet Street forecasts. Analysts expected $11.16 billion, according to Zacks.
American Airlines shares have risen 47 percent since the beginning of the year.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. AAL stock research report from Zacks: http://www.zacks.com/ap/AAL
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