Low Oil Prices Translate To Big Profits For American Airlines
Low Oil Prices Translate To Big Profits For American Airlines
My article on American Airlines Group (AAL) for Seeking Alpha
On October 23rd, American Airlines Group (NASDAQ:AAL) reported Q3 EPS of $1.66 per share vs. the Wall Street consensus estimate of $1.63 per share and revenue of $11.14B vs. the estimate of $11.16B. On a year over year basis net profits rose 59% and revenues increased 4.4% (operating income topped $1.3B). This marked the fourth straight earnings upside surprise since the December 9th completed merger (listed on the NASDAQ the same day) with US Airways Group that created the largest airline company in the world. Year to date, total shareholder equity has gone from -$2.73B to $4.97B, which can largely be attributed to a decline in liabilities. From the opening print late last year, shares of the Fort Worth, TX-based $32B airline company are up more than 85%…Click here to read the rest of the article.
