The Fort Worth, Texas-based company said it had a loss of 83 cents per share. Earnings, adjusted for non-recurring costs, were 38 cents per share.FILE - The American Airlines logo is seen atop the American Airlines Center in Dallas, Texas, Dec. 19, 2017.The Fort Worth, Texas-based company said it had a loss of 83 cents per share. Earnings, adjusted for non-recurring costs, were 38 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. The world's largest airline posted revenue of $13.48 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $13.52 billion.
American Airlines shares have decreased 11% since the beginning of the year. The stock has declined 17% in the last 12 months.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »