American Airlines (NASDAQ:AAL) reports 4Q16 Profit Down 26%
American Airlines (NASDAQ:AAL)headquartered in Fort Worth, Texas reported net income for the fourth quarter of $ 289.00 million or $ 0.56 per share, compared to income $ 3281.00 million or $ 5.09 per share for the year-ago quarter.
The company reported fourth quarter adjusted net income of $ 475.00 million or $ 1.48 per share, while analysts from Thomson Reuters expected $ 0.92 per share.
Top line figures for the fourth quarter increased to $ 9.79 billion from $ 9.63 billion in the same quarter last year, where as analysts anticipated $ 9.74 billion.
Doug Parker, Chairman and CEO, said that as we enter 2017, we will continue to make upgrades to American through new product initiatives. These include Basic Economy which will further our goal to offer the right fares and features for every customer, and, on international flights, our Premium Economy product.