American posts US$1.29b Q4 net profit
American Airlines reported a Q4 net profit of US$1.29b as lower oil prices continued to add to its bottom line. American earned $3.28b in Q4, which includes a $3b boost from a change in accounting for tax allowances. It benefited from a more than 40% drop in its fuel bill from a year earlier. The airline said it had repurchased $1.1b worth of shares in the quarter as part of a previously announced buyback. Sterne Agee CRT analyst Adam Hackel called the buybacks "remarkable" because the company has repurchased about 10% of its stock in the last 2 quarters. However, intense competition from low-cost rivals as well as weak demand in Latin America and growing fears of a rapidly spreading Zika virus in the region cast some concern about American's top line. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-02-01/oneworld/american-posts-us-1-29b-q4-net-profit
https://portal.staralliance.com/cms/logo.png
American posts US$1.29b Q4 net profit
American Airlines reported a Q4 net profit of US$1.29b as lower oil prices continued to add to its bottom line. American earned $3.28b in Q4, which includes a $3b boost from a change in accounting for tax allowances. It benefited from a more than 40% drop in its fuel bill from a year earlier. The airline said it had repurchased $1.1b worth of shares in the quarter as part of a previously announced buyback. Sterne Agee CRT analyst Adam Hackel called the buybacks "remarkable" because the company has repurchased about 10% of its stock in the last 2 quarters. However, intense competition from low-cost rivals as well as weak demand in Latin America and growing fears of a rapidly spreading Zika virus in the region cast some concern about American's top line. <br/>
