Thomson ReutersAn American Airlines passenger jet comes in the land at LaGuardia airport in New York
American, the world’s largest airline, earned $700 million in the first quarter.
Excluding special items, earnings fell by 38 percent to $765 million, or $1.25 per diluted share, largely because the airline had started recording additional non-cash taxes. Analysts, on average, expected $737 million, or $1.19 per diluted share, according to Thomson Reuters I/B/E/S.
(Reporting By Jeffrey Dastin in New York)
Read the original article on Reuters. Copyright 2016. Follow Reuters on Twitter.
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