FILE- In this Nov. 5, 2018, file photo American Airlines aircraft are serviced at Dallas/Fort Worth International Airport, in Texas. American Airlines reports financial results Thursday, Jan. 24, 2019. (AP Photo/Mike Stewart, File)

American Airlines puts up strong profit in 4Q

January 24, 2019 - 7:45 am

FORT WORTH, Texas (AP) — American Airlines reporting better than expected profit for the fourth-quarter.

The world's largest airline on Thursday posted net income of earnings of $319 million, or 69 cents per share. Earnings, adjusted for non-recurring costs, came to $1.04 per share, or 2 cents better than expected, according to a poll by Zacks Investment Research.

Revenue was $10.94 billion, just short of the $11.01 billion Wall Street was looking for.

American Airlines Group Inc., based in Fort Worth, Texas, expects full-year earnings in the range of $5.50 to $7.50 per share.

Shares are up 5 percent before the opening bell.

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Portions of this story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAL at https://www.zacks.com/ap/AAL

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