American Airlines meets 4Q profit forecasts

Markets Associated Press

FILE - In this May 27, 2015, file photo, American Airlines jets taxi at Miami International Airport, in Miami. American Airlines Group Inc. reports quarterly financial results Friday, Jan. 27, 2017. (AP Photo/Lynne Sladky, File) (The Associated Press)

American Airlines Group Inc. (AAL) on Friday reported fourth-quarter earnings of $289 million.

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The Fort Worth, Texas-based company said it had profit of 56 cents per share. Earnings, adjusted for non-recurring costs, were 92 cents per share.

The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 92 cents per share.

The world's largest airline posted revenue of $9.79 billion in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $9.77 billion.

American Airlines shares have risen 6 percent since the beginning of the year. The stock has climbed 25 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 https://www.zacks.com/ap/AAL

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Keywords: American Airlines, Earnings Report, Priority Earnings