Investing.com - American Airlines (NASDAQ:AAL) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
American Airlines announced earnings per share of $-7.82 on revenue of $1.62B. Analysts polled by Investing.com anticipated EPS of $-7.38 on revenue of $1.43B.
American Airlines shares are down 60% from the beginning of the year , still down 67.53% from its 52 week high of $34.99 set on July 24, 2019. They are under-performing the Nasdaq which is up 19.32% from the start of the year.
American Airlines follows other major Transportation sector earnings this month
American Airlines's report follows an earnings beat by Canadian National Railway on Tuesday, who reported EPS of $1.28 on revenue of $3.21B, compared to forecasts EPS of $0.92 on revenue of $3,249M.
CSX had beat expectations on Wednesday with second quarter EPS of $0.65 on revenue of $2.26B, compared to forecast for EPS of $0.64 on revenue of $2.32B.
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