American Airlines Group Inc. on Thursday reported second quarter profit of $662 million.
The Fort Worth, Texas-based company said it had net income of $1.49 per share. Earnings, adjusted for non-recurring costs, came to $1.82 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.
The world’s largest airline posted revenue of $11.96 billion in the period, meeting Street forecasts.
American Airlines expects full-year earnings in the range of $4.50 to $6 per share.
American Airlines shares have increased nearly 8% since the beginning of the year. The stock has fallen nearly 8% 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 https://www.zacks.com/ap/AAL
Get more stuff like this
Subscribe to our mailing list and get interesting stuff and updates to your email inbox.