FORT WORTH, Texas (AP) — FORT WORTH, Texas (AP) — American Airlines Group Inc. (AAL) on Thursday reported a first-quarter loss of $312 million, after reporting a profit in the same period a year earlier.
The Fort Worth, Texas-based company said it had a loss of 48 cents per share. Losses, adjusted for non-recurring costs, were 34 cents per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.
The world’s largest airline posted revenue of $12.57 billion in the period, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $12.59 billion.
For the current quarter ending in June, American Airlines expects its per-share earnings to range from $1.15 to $1.45.
The company expects full-year earnings in the range of $2.25 to $3.25 per share.
American Airlines shares have increased slightly more than 1% since the beginning of the year. The stock has risen 4.5% in the last 12 months.
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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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