10/20/2022, 1:03 PM (Source: TeleTrader)
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American's Q3 revenue up by 50.1% to $13.5 billion

American Airlines Inc. announced on Thursday that its total operating revenue in the third quarter of the year saw an annual surge of 50.1% to come in at $13.5 billion. The company's operating income rose by 56.3% compared to the same period the year before, reaching $930 million. Its net income skyrocketed by 185.8% to hit $483 million. Meanwhile, its diluted earnings per share (EPS) soared by 175.9% year-on-year to stand at $0.69 per share.

"The American Airlines team continues to deliver on our goals of running a reliable operation and returning to profitability. Demand remains strong, and it’s clear that customers in the U.S. and other parts of the world continue to value air travel and the ability to reconnect post-pandemic," Chief Executive Officer (CEO) Robert Isom commented on the results.

Following the release of the report, American Airlines' shares increased by 3.43% in premarket trading.

Baha Breaking News (BBN) / JR