Back in December of 2013, American Airlines Group (NASDAQ:$AAL) was the direct result of the merger of AMR (American Airlines’ patent group) and US Airways. Currently, the Texas-based company serves customers with more than 6,700 daily flights in more than 50 nations across the world.
With respect to earnings, American Airlines has quite the track record. In each of the last four quarters, American Airlines has delivered positive earnings surprises, with an average beat of 20.24%.
As of right now, American Airlines has a Zacks Rank #1 (Strong Buy), however that could easily change now that the company has released its earnings report.
Here are some of the key statistics from American Airlines earnings report:
AAL Earnings: The company beat on earnings. Adjusted EPS came in at $1.92, which beat the Zacks Consensus Estimate of $1.87. On a year over year basis, quarterly earnings grew over 8%.
AAL Revenue: Revenues of $11,105 million were 7.2% above the 2016 figure. The Zacks Consensus Estimate for the quarterly revenue was $11,087.
Notable Statistics: American Airlines top line increased due to strong passenger demand and improving yields. For the quarter, the company returned $500 million billion to its shareholders via the repurchase of $10 million shares for $450 million and dividends of $50 million. Additionally, American Airlines announced a dividend of $0.10 per share.
AAL Stock Price: To no surprise, the earnings beat was welcome news to investors. As a result, shares of the company increased in pre-market trading.
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