{"id":110593,"date":"2021-01-28T16:41:20","date_gmt":"2021-01-28T16:41:20","guid":{"rendered":"https:\/\/precoinnews.com\/?p=110593"},"modified":"2021-01-28T16:41:20","modified_gmt":"2021-01-28T16:41:20","slug":"stock-alert-american-airlines-jumps-14-after-results-beat-estimates","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/stock-alert-american-airlines-jumps-14-after-results-beat-estimates\/","title":{"rendered":"Stock Alert: American Airlines Jumps 14% After Results Beat Estimates"},"content":{"rendered":"
Shares of American Airlines Group Inc. (AAL) are rising more than 14% Thursday morning after the company reported narrower-than-expected fourth-quarter loss.<\/p>\n
American Airlines reported fourth-quarter net loss of $2.2 billion, or ($3.81) per share. Loss, on adjusted basis, in the fourth quarter was $2.2 billion, or $3.86 per share, that beat the average estimate of analysts polled by Thomson Reuters at $4.11 loss per share.<\/p>\n
Revenue for the quarter was $4.0 billion, down 64% year over year. The consensus estimate was for $3.88 billion.<\/p>\n
“Compared to the first quarter of 2019, American expects its first-quarter system capacity to be down 45%, with total revenue expected to be down 60 to 65%,” the company said. Analysts see revenue decline of 46.9% in the first quarter.<\/p>\n
AAL, currently at $18.93, has been trading in the range of $8.25- $30.78 in the last one year. <\/p>\n