The Associated Press

(The Associated Press)

American Airlines Revenue Falls 1.1%

Industries Reuters

American Airlines reported a 1.1 percent drop in quarterly revenue as a crowded market hurt ticket sales.

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The world's largest airline said on Thursday its net income fell to $737 million, or $1.40 per share, in the third quarter ended Sept. 30 from $1.69 billion, or $2.49 per share, a year earlier.

Revenue fell to $10.59 billion from $10.71 billion.

(Reporting By Jeffrey Dastin in New York and Rachit Vats in Bengaluru; Editing by Anil D'Silva)