Investors Cheer American Airlines Q3 Results

Investors cheered third quarter results of American Airlines Group Inc AAL by sending the stock higher in pre-market trading on Thursday.

The airliner reported net income of $737 million, or $1.40 a share, on revenue of $10.59 billion for the third quarter. On an adjusted basis, it would have earned $2.80 a share. Analysts expected an EPS of $1.40 on revenue of $10.56 billion.

Last year, American Airlines delivered a profit of $1.69 billion, or $2.49 a share, on revenue of $$10.71 billion. Its adjusted EPS was $2.77 in the same period.

Chairman and CEO, Doug Parker, commented, "With integration successes like this behind us, we are even more excited about the future. We are investing in our people and our product and are well along the path to restoring American as the greatest airline in the world."

Following the results, the stock traded up by $1.18, or 2.90 percent, to $41.81.