FORT WORTH, Texas (AP) \u2014 FORT WORTH, Texas (AP) \u2014 American Airlines Group Inc. (AAL) on Thursday reported a loss of $382 million in its first quarter.<\/p>\n
The Fort Worth, Texas-based company said it had a loss of 58 cents per share. Losses, adjusted for non-recurring costs, came to 40 cents per share.<\/p>\n
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 45 cents per share.<\/p>\n
The world’s largest airline posted revenue of $13.91 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $13.81 billion.<\/p>\n
For the current quarter ending in June, American Airlines expects its results to range from a loss of 20 cents per share to earnings of 20 cents per share.<\/p>\n
The company expects full-year results to range from a loss of 40 cents per share to earnings of $1.10 per share.<\/p>\n
American Airlines shares have fallen 25% since the beginning of the year. The stock has climbed 24% in the last 12 months.<\/p>\n
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This story was generated by Automated Insights<\/a> (http:\/\/automatedinsights.com\/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAL<\/a> at https:\/\/www.zacks.com\/ap\/AAL<\/p>\n","protected":false},"excerpt":{"rendered":"FORT WORTH, Texas (AP) \u2014 FORT WORTH, Texas (AP) \u2014 American Airlines Group Inc. (AAL) on Thursday reported…\n","protected":false},"author":2,"featured_media":258711,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[98581,737,116,118,117,27,98582,38776],"class_list":["post-263264","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fort-worth","tag-aal","tag-american-airlines","tag-fort-worth","tag-fort-worth-headlines","tag-fort-worth-news","tag-texas","tag-texas-based-company","tag-zacks-investment-research"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/263264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=263264"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/263264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/258711"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=263264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=263264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=263264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}