American Airlines Beats Q2 Expectations
FORT WORTH (AP) - American Airlines' second-quarter results beat most expectations thanks to strong demand for tickets.
For the period ended June 30, the world's biggest airline earned $803 million, or $1.63 per share. A year ago the Fort Worth, Texas, company earned $950 million, or $1.68 per share.
Earnings, adjusted for one-time costs, came to $1.92 per share. That's better than the $1.87 per share that analysts polled by Zacks Investment Research expected.
Revenue totaled $11.11 billion, also beating forecasts.
Shares rose slightly in Friday premarket trading.
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