American Airlines Shares Dive
American Airlines Group Inc (AAL) - Get American Airlines Group, Inc. Report stock fell 2.1% in afternoon trading as the company reported second quarter earnings of $1.92 per share, beating the FactSet analyst expectation of $1.85 and increasing from $1.77 during the same time last year.
Revenue jumped 7.2% from the same time last year at $11.11 billion, also beating the analyst forecast of $11.06 billion. The Texas-based company reported strong customer revenue in domestic, Central American, South American and the Caribbean regions.
American expects third quarter total revenue per available seat mile to increase between 0.5% and 2.5% year-over-year. Fourth quarter figures will grow beyond that, as well.
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American Airlines stock is up 7% year-to-date.
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