American Airlines Group Inc (AAL) has reported a decrease in earnings for the fourth quarter compared to the same period last year, however, it managed to surpass the estimates projected by Wall Street.
In this quarter, the company's net income amounted to $19 million, or $0.03 per share. This is a stark contrast from last year's fourth quarter, which saw earnings of $803 million, or $1.14 per share. However, when certain items are excluded, the airline's adjusted earnings for this period are reported to be $192 million or $0.29 per share.
On average, analysts predicted the company would report earnings of $0.10 per share, as compiled by Thomson Reuters, figures which typically exclude special items. However, the company managed to outperform these estimates.
On the other hand, the company's revenue witnessed a slight dip of 1.0%, falling to $13.06 billion from last year's $13.19 billion.
Here's a quick look at the American Airlines Group Inc earnings in accordance with GAAP:
- Q4 Earnings: $19 million vs. $803 million from last year
- Q4 Earnings per Share (EPS): $0.03 vs. $1.14 from last year
- Analyst Estimates: $0.10
- Q4 Revenue: $13.06 billion vs. $13.19 billion from last year.
For the upcoming quarter, the company guides EPS to fall between -$0.15 and -$0.35.
