American Airlines beats 3Q profit expectations, misses revenue forecasts

IndustriesAssociated Press

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.

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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.

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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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Keywords:American Airlines,Earnings Report,Priority Earnings