American Airlines Group Inc. (AAL) on Tuesday reported fourth-quarter net income of $597 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Fort Worth, Texas-based company said it had net income of 82 cents. Earnings, adjusted for non-recurring costs, came to $1.52 per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.

The world’s largest airline posted revenue of $10.16 billion in the period, which also beat Street forecasts. Analysts expected $10.14 billion, according to Zacks.

American Airlines shares have risen slightly more than 3 percent since the beginning of the year. The stock has risen 82 percent in the last 12 months.

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Photo Credit: An American Airlines aircraft takes off from Dallas-Fort Worth International Airport, in Grapevine, Texas. Tony Gutierrez / Associated Press