American Airlines Group Inc (NASDAQ:AAL) shares are trading higher by 3.5% to $14.09 Tuesday morning. Shares of several airline stocks are trading higher in sympathy with United Airlines Holdings Inc after the company reported better-than-expected fourth-quarter financial results.
What Happened With United Airlines?
United Airlines reported earnings of $2 per share, surpassing the consensus estimate of $1.70. Additionally, quarterly sales amounted to $13.60 billion, slightly beating the analyst consensus estimate of $13.54 billion. This reflects a 9.7% increase compared to the same period last year when sales were $12.40 billion.
“Despite unpredictable headwinds, we delivered on our ambitious EPS target that few thought possible – and set new operational records for our customers,” said Scott Kirby, CEO of United Airlines…Read More
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According to data from Benzinga Pro, AAL has a 52-week high of $19.08 and a 52-week low of $10.86.
