American Airlines Group Inc. said its fourth-quarter normalized net income came to 93 cents per share, compared with the S&P Capital IQ consensus estimate of 92 cents per share.
EPS fell 25.2% year over year from $1.25.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $483.1 million, a decline of 39.8% from $802.5 million in the prior-year period.
The normalized profit margin declined to 4.9% from 8.3% in the year-earlier period.
Total revenue increased year over year to $9.79 billion from $9.63 billion, and total operating expenses increased 8.0% on an annual basis to $8.76 billion from $8.11 billion.
Reported net income fell 91.3% on an annual basis to $286.4 million, or 55 cents per share, from $3.28 billion, or $5.09 per share.
For the year, the company's normalized net income totaled $5.70 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $5.70.
EPS was $5.72 in the prior year.
Normalized net income was $3.17 billion, a decline from $3.93 billion in the prior year.
Full-year total revenue fell on an annual basis to $40.18 billion from $40.99 billion, and total operating expenses rose year over year to $34.17 billion from $33.71 billion.
The company said reported net income decreased year over year to $2.67 billion, or $4.81 per share, in the full year, from $7.61 billion, or $11.07 per share.
