American earns $624 million net profit in Q3 of 2017

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American earns $624 million net profit in Q3 of 2017

Postby Greg on Tue Oct 31, 2017 8:22 pm

American Airlines Group Inc. today reported its third-quarter 2017 results, including these highlights:

- Recorded a third-quarter 2017 pre-tax profit of $1.0 billion, or $1.1 billion excluding net special items,1 and net profit of $624 million, or $692 million excluding net special items
- Reported third-quarter earnings of $1.28 per diluted share, or $1.42 per diluted share excluding net special items
- Reported a 2.7 percent increase in total revenue, to $10.9 billion, and a 1.1 percent increase in total revenue per available seat mile (TRASM) for the third quarter
- Returned $411 million to stockholders in the third quarter through the repurchase of 7.7 million shares for $362 million and dividend payments of $49 million

- 37.693 million passengers - mainline
- 1,278 mile average stage length - mainline
- 947 million gallons of fuel used - mainline
- $304 million in aircraft leases
- 105,000 full-time employees - mainline

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