Categories AlphaGraphs, Earnings, Industrials

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.

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.

  • American-Airlines-Q2-2020-Earnings-Infographic
  • American airlines Q1 2020

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