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American Airlines beats 3Q profit forecasts

FILE - This photo July 17, 2015, photo shows the tails of four American Airlines passenger planes parked at Miami International Airport, in Miami. American Airlines reports quarterly financial results Friday, Oct. 23, 2015. (AP Photo/Alan Diaz, File) FILE - This photo July 17, 2015, photo shows the tails of four American Airlines passenger planes parked at Miami International Airport, in Miami. American Airlines reports quarterly financial results Friday, Oct. 23, 2015. (AP Photo/Alan Diaz, File)

By Associated Press October 23, 2015 1 min read

FORT WORTH, Texas (AP) – American Airlines Group Inc. (AAL) on Friday reported third-quarter earnings of $1.69 billion.

On a per-share basis, the Fort Worth, Texas-based company said it had profit of $2.49. Earnings, adjusted for non-recurring costs, came to $2.77 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.72 per share.

The world’s largest airline posted revenue of $10.71 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $10.72 billion.

American Airlines shares have declined 14 percent since the beginning of the year. The stock has risen 24 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAL at http://www.zacks.com/ap/AAL

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Keywords: American Airlines, Earnings Report, Priority Earnings