Investing.com - American Airlines reported first quarter earnings that matched analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.52 on revenue of $10.58B. Analysts polled by Investing.com forecast EPS of $0.52 on revenue of $10.61B. That compared to EPS of $0.75 on revenue of $10.4B in the same period a year earlier. The company had reported EPS of $1.04 on revenue of $10.94B in the previous quarter.
American Airlines shares lost 1.95% to trade at $32.76 in pre-market trade following the report.
American Airlines follows other major Transportation sector earnings this month
On April 18, Union Pacific reported first quarter EPS of $1.93 on revenue of $5.38B, compared to forecasts of EPS of $1.88 on revenue of $5.49B.
United Parcel Service earnings missed analysts' expectations on Thursday, with first quarter EPS of $1.39 on revenue of $17.16B. Investing.com analysts expected EPS of $1.42 on revenue of $17.77B
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