American Airlines (AAL) Tops Q3 EPS by 34c

American Airlines (NASDAQ: AAL) reported Q3 EPS of ($5.54), $0.34 better than the analyst estimate of ($5.88). Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $2.76 billion.

Demand and capacity outlook:

American saw improvements in passenger demand and load factors during the third quarter, but both continue to be significantly below 2019 levels. The company will continue to match its forward capacity with observed bookings trends and currently expects its fourth-quarter system capacity to be down more than 50% year over year, with long-haul international capacity down approximately 75% year over year.

For earnings history and earnings-related data on American Airlines (AAL) click here.

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