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10/21, 1:05 PM (Source: TeleTrader)
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American Airlines' Q3 revenue jumps 183% to $8.9B

American Airlines unveiled on Thursday that its total operating revenue for the third quarter of the fiscal year came in at $8.97 billion, constituting a per annum gain of 183%.

At the same time, the company's operating income came in at $595 million, a significant increase from its operating loss of $2.87 billion last year. Meanwhile, its net income jumped to $169 million, while the airline's diluted earnings per share climbed to $0.25.

American's CEO Doug Parker commented on the results: "While the rise of the COVID-19 delta variant delayed some of our revenue recovery, it has not stopped our progress. We are incredibly proud of the team’s hard work to operate a great airline, and with the network, cost, and fleet simplification actions we have taken, we’re confident American is well-positioned as the recovery takes hold."

The company's shares were down 0.20% in premarket trading following the release of the report.

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