Investing.com - American Airlines (NASDAQ:AAL) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
American Airlines announced earnings per share of $-2.65 on revenue of $8.52B. Analysts polled by Investing.com anticipated EPS of $-1.88 on revenue of $9.39B. That with comparison to EPS of $0.52 on revenue of $10.58B in the same period a year before. American Airlines had reported EPS of $1.15 on revenue of $11.31B in the previous quarter. Analysts are expecting EPS of $-6.21 and revenue of $4.84B in the upcoming quarter.
American Airlines shares are down 55% from the beginning of the year , still down 63.90% from its 52 week high of $34.99 set on July 24, 2019. They are under-performing the Nasdaq (NASDAQ:NDAQ) which is down 1.38% year to date.
American Airlines shares gained 1.82% in pre-market trade following the report.
American Airlines follows other major Transportation sector earnings this month
American Airlines's report follows an earnings beat by Union Pacific on April 23, who reported EPS of $2.15 on revenue of $5.23B, compared to forecasts EPS of $1.9 on revenue of $5.11B.
United Parcel Service had missed expectations on Tuesday with first quarter EPS of $1.15 on revenue of $18.04B, compared to forecast for EPS of $1.25 on revenue of $17.34B.
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