Infographic: American Airlines (AAL) slips to Q4 loss as revenues plunge

Aviation company American Airlines Group Inc. (NASDAQ: AAL) reported a net loss for the fourth quarter, as faltering passenger traffic and service disruptions continued to impact sales. The results, however, beat analysts’ consensus estimates. Fourth-quarter revenues plunged 64% annually to $4 billion but topped expectations. The dismal top-line performance reflects a sharp fall in passenger […]

$AAL January 28, 2021 1 min read

NYSE

$AAL · Earnings

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Aviation company American Airlines Group Inc. (NASDAQ: AAL) reported a net loss for the fourth quarter, as faltering passenger traffic and service disruptions continued to impact sales. The results, however, beat analysts’ consensus estimates. Fourth-quarter revenues plunged 64% annually to $4 billion but topped expectations. The dismal top-line performance reflects a sharp fall in passenger […]
· January 28, 2021

American Airlines Q4 2020 Earnings Infographic

Fourth-quarter revenues plunged 64% annually to $4 billion but topped expectations. The dismal top-line performance reflects a sharp fall in passenger traffic.

The airline slipped to a loss of $3.86 per share in the December-quarter, on an adjusted basis, from earnings of $1.15 per share in the prior-year period. Analysts were looking for a wider loss. The reported net loss was $2.18 billion or $3.81 per share, compared to a profit of $414 million or $0.95 per share in the fourth quarter of 2019.

Read management/analysts’ comments on American Airlines’ Q3 earnings

Shares of the company rose during Thursday’s premarket trading, soon after the announcement. They had closed the previous session higher.