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Benzinga

Business

Adam Eckert

Why American Airlines Shares Are Rising

American American Airlines AAL ”American Airlines Group Inc. Nasdaq

American Airlines Group Inc (NASDAQ:AAL) shares are trading higher Thursday after the company announced better-than-expected first-quarter financial results and guided for a return to profitability in the second quarter.

American reported first-quarter revenue of $8.9 billion, which beat the $8.83 billion estimate, according to data from Benzinga Pro. The company reported a quarterly earnings loss of $2.32 per share, which beat the estimate for a loss of $2.40 per share.

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