Published 19:41 IST, January 23rd 2020
American Airlines profit rises 27% on strong travel demand
American Airlines' fourth-quarter profit rose 27% to $414 million on strong travel demand that resulted in record occupancy levels on its planes.
Advertisement
American Airlines' fourth-quarter profit rose 27% to $414 million on strong travel demand that resulted in record occupancy levels on its planes.
However, American continues to be weighed down by grounding of Boeing 737 Max jets. American said Thursday that it h cancelled about 10,000 flights in fourth quarter because of grounding.
Advertisement
justed earnings were $1.15 per share, a penny better than expected, according to a FactSet survey of 18 analysts.
Revenue rose more than 3% to $11.31 billion, matching analysts' aver forecast.
Advertisement
Fort Worth, Texas, airline said 2020 justed earnings, excluding n-repeating items, will be be between $4 and $6 per share. That's in line with Wall Street expectations of $5.06 per share.
Advertisement
19:41 IST, January 23rd 2020