Bay Street News

CORRECTING and REPLACING — American Airlines Group Reports Third-Quarter 2019 Profit

FORT WORTH, Texas, Oct. 24, 2019 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by American Airlines Group Inc. (NASDAQ: AAL), please note that in the first table the columns should be labeled as 3Q19 and 3Q18, not 2Q19 and 2Q18 as previously stated. The corrected release follows:American Airlines Group Inc. (NASDAQ: AAL) today reported its third-quarter 2019 results, including these highlights:
Reported third-quarter 2019 pre-tax income of $557 million and net income of $425 million. Excluding net special items, both pre-tax income and net income rose more than 15% year over year to $835 million and $630 million,1 respectively.Third-quarter earnings were $0.96 per diluted share. Excluding net special items, earnings per share grew 20% year over year to $1.42 per diluted share1.
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