FORT WORTH, Texas (AP) — American Airlines Group Inc. (AAL) on Friday reported third-quarter earnings of $1.69 billion.
On a per-share basis, the Fort Worth, Texas-based company said it had profit of $2.49. Earnings, adjusted for non-recurring costs, came to $2.77 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.72 per share.
The world’s largest airline posted revenue of $10.71 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $10.72 billion.
American Airlines shares have declined 14 percent since the beginning of the year. The stock has risen 24 percent in the last 12 months.
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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
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Keywords: American Airlines, Earnings Report, Priority Earnings
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