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American Airlines Group Inc Q1 Loss Decreases, beats estimates

American Airlines Group Inc (AAL) announced Loss for its first quarter that increased from the same period last year and missed the Street estimates.

The company's earnings came in at -$1.64 billion, or -$2.52 per share. This compares with -$1.25 billion, or -$1.97 per share, in last year's first quarter.

Excluding items, American Airlines Group Inc reported adjusted earnings of -$1.51 billion or -$2.32 per share for the period.

Analysts on average had expected the company to earn -$2.40 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 121.9% to $8.90 billion from $4.01 billion last year.

American Airlines Group Inc earnings at a glance (GAAP) :

-Earnings (Q1): -$1.64 Bln. vs. -$1.25 Bln. last year.
-EPS (Q1): -$2.52 vs. -$1.97 last year.
-Analyst Estimate: -$2.40
-Revenue (Q1): $8.90 Bln vs. $4.01 Bln last year.

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