American Airlines’ (AAL - Free Report) third-quarter 2019 earnings (excluding 46 cents from non-recurring items) of $1.42 per share surpassed the Zacks Consensus Estimate by 4 cents. Moreover, the bottom line improved 25.7% on a year-over-year basis, driven by low fuel costs.
Meanwhile, revenues came in at $11,911 million, falling short of the Zacks Consensus Estimate of $11,940.9 million. However, the top line improved 3% on a year-over-year basis. Passenger revenues, which accounted for bulk of the top line (92.3%), increased 4.1% owing to strong demand for air travel. But cargo revenues declined 20% to $208 million, mainly due to a 17% reduction in cargo ton miles. Other revenues also decreased 4.1%.
Total revenue per available seat miles (TRASM: a key measure of unit revenues) inched up 2% to 15.71 cents in the reported quarter. Passenger revenue per available seat miles (PRASM) increased 3% to 14.5 cents in the third quarter as well. However, consolidated yield dipped 0.7%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
American Airlines’ (AAL - Free Report) third-quarter 2019 earnings (excluding 46 cents from non-recurring items) of $1.42 per share surpassed the Zacks Consensus Estimate by 4 cents. Moreover, the bottom line improved 25.7% on a year-over-year basis, driven by low fuel costs.
Meanwhile, revenues came in at $11,911 million, falling short of the Zacks Consensus Estimate of $11,940.9 million. However, the top line improved 3% on a year-over-year basis. Passenger revenues, which accounted for bulk of the top line (92.3%), increased 4.1% owing to strong demand for air travel. But cargo revenues declined 20% to $208 million, mainly due to a 17% reduction in cargo ton miles. Other revenues also decreased 4.1%.
Total revenue per available seat miles (TRASM: a key measure of unit revenues) inched up 2% to 15.71 cents in the reported quarter. Passenger revenue per available seat miles (PRASM) increased 3% to 14.5 cents in the third quarter as well. However, consolidated yield dipped 0.7%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on CPA - FREE
Get the latest research report on AAL - FREE
Get the latest research report on SKYW - FREE