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American Airlines revenue rises 7.2%

Friday, July 28, 2017 - 20:40

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American Airlines Group Inc reported a 7.2 per cent rise in quarterly revenue, helped by strong passenger demand and improving average fares.

[BENGALURU] American Airlines Group Inc reported a 7.2 per cent rise in quarterly revenue, helped by strong passenger demand and improving average fares.

The No 1 US airline by passenger traffic said unit revenue - which compares sales to flight capacity - rose 5.7 per cent in the second quarter ended June 30.

However, the company's net income fell to US$803 million, or US$1.63 per share, in the quarter from US$950 million, or US$1.68 per share, a year earlier.

On an adjusted basis, American Airlines earned US$1.92 per share, compared with US$1.77 per share a year earlier.

Total operating revenues rose to US$11.11 billion in the quarter from US$10.36 billion.

REUTERS

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