(Reuters) - American Airlines Group Inc (AAL.O), the world's largest airline by passenger traffic, said on Thursday that third-quarter net income soared 87 percent, topping analysts' estimates, buoyed by declining fuel costs.
Several airlines reported earnings on Thursday morning. Investors and traders have been paying particularly close attention to the group in recent weeks as oil prices tumbled while the Ebola scare placed a negative sentiment on the entire sector.
American Airlines Group Inc (NASDAQ: AAL) reported a record third quarter, but lower fuel costs and strong industry fundamentals suggest American Airlines Group will report a record fourth quarter result.
American Airlines Group (NASDAQ: AAL ) posted tremendous share price gains in the first half of 2014. Investors were rightly excited about the potential synergies from its recent merger with US Airways, as well as other profit improvement initiatives ...
For the third quarter 2014, American Airlines Group reported a record GAAP net profit of $942 million. This compares to a GAAP net profit of $289 million in the third quarter 2013 for AMR Corporation prior to the merger.