American Airlines Expects Second-Quarter Profit Thanks to Surge in Travel Demand
American shares surged after reporting results and were up more than 9% in premarket trading, up from a roughly 5% increase fueled by United's results. United was up more than 8%.
Here's how American performed in the first quarter compared with what Wall Street expected, based on average estimates compiled by Refinitiv:$8.9 billion versus expected $8.826 billion. American posted a net loss of $1.6 billion in the first quarter on revenue of nearly $8.9 billion, more than double its $4 billion in sales a year ago and ahead of analyst estimates.
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