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American Airlines profit misses consensus by 37.4% in Q2

American Airlines Group Inc. said its second-quarter normalized net income came to $1.63 per share, compared with the S&P Capital IQ consensus estimate of $2.60 per share.

EPS climbed 31.0% year over year from $1.24.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.15 billion, an increase of 26.2% from $911.9 million in the prior-year period.

The normalized profit margin climbed to 10.7% from 8.0% in the year-earlier period.

Total revenue declined year over year to $10.83 billion from $11.36 billion, and total operating expenses fell 9.8% on an annual basis to $8.75 billion from $9.70 billion.

Reported net income grew 97.8% on an annual basis to $1.71 billion, or $2.41 per share, from $862.0 million, or $1.17 per share.