American Airlines profit plunges

Published : January 27, 2017
Reuters

(Reuters) - American Airlines Group Inc <AAL.O>, the No. 1 U.S. airline by passenger traffic, reported a fall in profit from a year earlier, when it recorded a $3 billion tax benefit.

 

The company said its net income fell to $289 million, or 56 cents per share, in the fourth quarter ended Dec. 31, from $3.28 billion, or $5.09 per share, a year earlier.

 

Excluding items, the airline earned $1.48 per share.

 

(Reporting by Arunima Banerjee in Bengaluru; Editing by Martina D'Couto)

 

 
Latest From ...
Most Popular From ...