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.
