Network air carrier American Airlines Group Inc. (AAL) reported producing a record-setting Thanksgiving operation this year. The company attracted nearly 6.5 million customers on more than 59,000 flights this Thanksgiving holiday, marking its highest-ever load factor for the dates. AAL also reportedly went nine days without canceling a mainline flight.
On the other hand, the company posted mixed results in its last reported quarter (the third quarter ended September 30) amid rising fuel costs and dropping fare prices. AAL’s total operating revenue increased marginally year-over-year to $13.48 billion, missing the analyst estimate of $13.52 billion, while its adjusted EPS came in at $0.38, down 44.9% from the prior-year period and compared to the expected $0.25.
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