American Airlines (AAL) Q3 Earnings: A Beat In The Cards?
Zacks Investment Research | Oct 16, 2016 09:27PM ET
American Airlines Group Inc. (NASDAQ:AAL) is slated to release third-quarter 2016 results on Oct 20, before the market opens.
In the second quarter, the carrier had delivered a positive earnings surprise of 7.27%. Results were aided by low fuel costs. This is because fuel accounts for a major chunk of an airline's operating expenses. Total operating expenses declined significantly to $8.6 billion on the back of a 24.9% reduction in fuel costs.
We expect the Fort Worth, TX- based carrier to deliver better-than-expected earnings in the third quarter as well driven by its strong fundamentals. The optimism regarding the stock ahead of its third-quarter earnings release can be gauged by the 7.8% increase in the Zacks Consensus Estimate over the last month.
AMER AIRLINES Price and EPS Surprise
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