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American Airlines profit misses consensus by 36.3% in Q1

American Airlines Group Inc. said its normalized net income for the first quarter came to $1.09 per share, compared with the S&P Capital IQ consensus estimate of $1.70 per share.

EPS climbed 257.6% year over year from 30 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $778.1 million, an increase of 245.8% from $225.0 million in the prior-year period.

The normalized profit margin increased to 7.9% from 2.3% in the year-earlier period.

Total revenue fell year over year to $9.83 billion from $9.99 billion, and total operating expenses declined 11.7% on an annual basis to $8.30 billion from $9.40 billion.

Reported net income rose 92.2% from the prior-year period to $932.0 million, or $1.30 per share, from $485.0 million, or 65 cents per share.