American Airlines (NASDAQ:AAL): Q3 Non-GAAP EPS of -$5.54 beats by $0.21; GAAP EPS of -$4.71 beats by $0.53.
Revenue of $3.17B (-73.4% Y/Y) beats by $360M.
American saw improvements in passenger demand and load factors during the third quarter, but both continue to be significantly below 2019 levels. The company will continue to match its forward capacity with observed bookings trends and currently expects its fourth-quarter system capacity to be down more than 50% year over year, with long-haul international capacity down approximately 75% year over year.
Shares -2% PM.
Press Release