American Airlines Group Reports First-Quarter Profit

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American Airlines (AAL) Tops Q1 EPS by 6c

April 27, 2017 7:33 AM EDT

American Airlines (NASDAQ: AAL) reported Q1 EPS of $0.61, $0.06 better than the analyst estimate of $0.55. Revenue for the quarter came in at $9.62 billion versus the consensus estimate of $9.6 billion.

Recorded a first-quarter 2017 pre-tax profit of $365 million, or $491 million excluding net special items,1 and net profit of $234 million, or $308 million excluding net special itemsReported first-quarter earnings of $0.46 per diluted share, or $0.61 per diluted share excluding net special itemsDeferred the first delivery of Airbus A350 XWBs from 2018 to 2020, delaying capital expenditures and providing additional widebody capacity flexibilityAnnounced an unprecedented step... More