American Airlines posts 1Q profit, results beat Wall Street estimates
American Airlines Group Inc. (AAL) on Friday reported first-quarter earnings of $932 million.
The Fort Worth, Texas-based company said it had net income of $1.30 per share. Earnings, adjusted for non-recurring costs and pretax expenses, came to $1.73 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.
The world's largest airline posted revenue of $9.83 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $9.82 billion.
American Airlines shares have dropped 4 percent since the beginning of the year. The stock has increased 39 percent 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 http://www.zacks.com/ap/AAL
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