American Airlines reported an adjusted loss for the three months ending in December was pegged at $3.86 per share, down from a profit of $1.15 over the same period last year but inside Wall Street forecasts of -$4.11. Group revenues also topped analysts' estimates at $4 billion
“Our fourth-quarter financial results close out the most challenging year in our company’s history,” said CEO Doug Parker. “However, we couldn’t be prouder of the American Airlines team and the great things they accomplished last year. Through collaboration, resourcefulness and hard work, our team did its part to keep the economy moving. The American team flew more customers than any other airline in 2020, and they did so safely and with the utmost care.
Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS, weighs in on American Airlines.