For the second quarter of the year, American forecast adjusted per-share earnings at the high-end of analysts' expectations
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida.posted a $10 million profit in the first quarter as it ramped up flying and a jump in revenue outpaced higher costs.
Revenue of $12.19 billion was 37% higher than the same period a year earlier. The carrier's net income for the quarter of $10 million, or 2 cents per share, marks a drastic improvement from the first quarter of 2022 when American lost $1.64 billion, or $2.52 per share.
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