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American Airlines profit misses consensus by 36.1% in Q3


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American Airlines profit misses consensus by 36.1% in Q3

American Airlines Group Inc. said its normalized net income for the third quarter was $1.74 per share, compared with the S&P Capital IQ consensus estimate of $2.72 per share.

EPS climbed 67.5% year over year from $1.04.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.18 billion, a gain of 55.1% from $763.8 million in the prior-year period.

The normalized profit margin increased to 11.1% from 6.9% in the year-earlier period.

Total revenue declined on an annual basis to $10.71 billion from $11.14 billion, and total operating expenses decreased 11.5% year over year to $8.54 billion from $9.66 billion.

Reported net income increased 80.1% year over year to $1.70 billion, or $2.49 per share, from $941.1 million, or $1.28 per share.