American Airlines announced earnings per share of $-2.65 on revenue of $8.52B. Analysts polled by Investing.com anticipated EPS of $-1.88 on revenue of $9.39B. That with comparison to EPS of $0.52 on revenue of $10.58B in the same period a year before. American Airlines had reported EPS of $1.15 on revenue of $11.31B in the previous quarter. Analysts are expecting EPS of $-6.21 and revenue of $4.84B in the upcoming quarter.
American Airlines shares are down 55% from the beginning of the year , still down 63.90% from its 52 week high of $34.99 set on July 24, 2019. They are under-performing the Nasdaq (NASDAQ:NDAQ) which is down 1.38% year to date.
American Airlines shares gained 1.82% in pre-market trade following the report.
American Airlines’s report follows an earnings beat by Union Pacific on April 23, who reported EPS of $2.15 on revenue of $5.23B, compared to forecasts EPS of $1.9 on revenue of $5.11B.
United Parcel Service had missed expectations on Tuesday with first quarter EPS of $1.15 on revenue of $18.04B, compared to forecast for EPS of $1.25 on revenue of $17.34B.
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