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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.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAL at http://www.zacks.com/ap/AAL
This article was from The Associated Press and was legally licensed through the NewsCred publisher network.