American Airlines (AAL) Tops Q4 EPS by 3c; PRASM Fell 6%

American Airlines (NASDAQ: AAL) reported Q4 EPS of $2.00, $0.03 better than the analyst estimate of $1.97. Revenue for the quarter came in at $9.63 billion versus the consensus estimate of $9.63 billion.

PRASM was 12.69 cents, down 6 percent from the same period last year.

As of Dec. 31, 2015, the Company had $6.9 billion in total cash and short term investments, of which $695 million was restricted (the foregoing amounts are after giving effect to the write-off of Venezuelan bolivars described in the special items section below). The Company also had an undrawn revolving credit facility of $2.4 billion.

As part of an extensive and unprecedented fleet renewal program, the Company invested more than $5.3 billion in new aircraft in 2015, providing it with the youngest and most modern fleet of the U.S. network airlines. In 2015, the Company took delivery of 75 new mainline aircraft, added 52 regional aircraft, and removed 112 mainline and 31 regional aircraft. In 2016, the Company expects to take delivery of 55 new mainline aircraft, add 49 regional aircraft and remove 92 mainline and 29 regional aircraft.

For earnings history and earnings-related data on American Airlines (AAL) click here.

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