FORT WORTH, Texas, April 26, 2019 (GLOBE NEWSWIRE) — American Airlines Group Inc. (NASDAQ: AAL) today reported its first-quarter 2019 results, including these highlights: Reported a first-quarter 2019 pre-tax profit of $245 million, or $314 million excluding net special items1, and a first-quarter net profit of $185 million, or $237 million excluding net special items1 First-quarter earnings were $0.41 per diluted share, or $0.52 per diluted share excluding net special items1 Reported record first-quarter revenue of $10.6 billion. Also reported record first-quarter total revenue per available seat mile (TRASM) — the 10th consecutive quarter of TRASM growth Returned $646 million to shareholders in the form of dividends and share repurchases in the first quarter /EIN News/ — “We want to thank our 130,000 team members for the outstanding job they did to take care of our customers, despite the challenges with our fleet during the quarter. Their hard work led American to record revenue performance under difficult operating conditions,” said Chairman and CEO Doug Parker. “As we progress toward the busy summer travel period, demand for our product remains strong. However, our near-term earnings forecast has been affected by the grounding of our Boeing 737 MAX fleet, which we have removed from scheduled flying through Aug. 19. We… Read full this story
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