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Why American Airlines (AAL) Stock Is Up Today

Stocks in this article: DAL

NEW YORK (TheStreet) -- American Airlines (AAL) was gaining 1.6% to $36.76 Wednesday following positive quarterly results from Boeing (BA) and Delta Airlines (DAL).

In its quarterly results Delta announced that revenue grew 4.9% to $8.92 billion, in-line with analyst expectations. The airline reported earnings of 33 cents a share, 4 cents higher than analysts surveyed by Thomson Reuters expected.

Boeing reported earnings of $1.76 a share, beating estimates of $1.56 a share. Revenue for the airplane manufacturer rose 8% to $20.47 billion.

The two positive results helped boost American Airlines stock.

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AAL Chart

AAL data by YCharts

"American Airlines Group Inc., formerly AMR Corporation, operates in the airline industry. The Company's principal subsidiary is American Airlines, Inc. (American). As of December 31, 2011, American provided scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe and Asia. AMR Eagle Holding Corporation (AMR Eagle), a wholly owned subsidiary of the Company, owns two regional airlines, which do business as American Eagle-American Eagle Airlines, Inc. and Executive Airlines, Inc. (collectively, the American Eagle carriers). American also contracts with an independently owned regional airline, which does business as AmericanConnection (the AmericanConnection carrier). As of December 31, 2011, AMR Eagle operated approximately 1,500 daily departures, offering scheduled passenger service to over 175 destinations in North America, Mexico and the Caribbean."

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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