American Airlines Revenue Increased Almost Three Times In The Third Quarter

American Airlines Revenue Increased Almost Three Times In The Third Quarter

Airlines 2021-11-01
One of the world's major airlines, American Airlines, returned to profitability in the third quarter despite a rise in the new Delta variant cases that slowed revenue recovery.

The company said in a press release that its July-September net income was $169 million, or 25 cents per share, compared with a net loss of $2.4 billion, or $4.71 per share, in the same period a year earlier.

The loss, excluding one-off factors, was 99 cents per share, compared with an average of $1.04 forecast by analysts polled by FactSet.

Revenue rose 183%, or 2.8 times, to $8.97 billion from $3.17 billion a year earlier. The consensus forecast of analysts for this indicator was $8.92 billion.

The company's workload factor was 78.7 percent compared to 58.9 percent for the same period a year earlier.

American Airlines carried 48.129 million passengers last quarter compared to 21.114 million a year earlier.

American Airlines stock prices are rising in premarket trading on Thursday. The airline's capitalization has been up 27.8 percent (to $12.6 billion) since the beginning of the year.

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