American Airlines Shares Soar 3.4% After Surpassing Q3 Earnings Expectations

American Airlines shares rose 3.4% after the airline reported a narrower-than-expected loss and record revenues for Q3, highlighting a positive trend amid industry challenges.

• American Airlines reported an adjusted loss of $0.17 per share for Q3, outperforming analyst expectations of a $0.28 loss, reflecting improved financial performance.
• The airline achieved a record revenue of $13.7 billion in the third quarter, surpassing the consensus estimate of $13.63 billion, indicating strong demand in the United States.
• In premarket trading, shares of American Airlines increased by 3.4%, signaling investor confidence following the better-than-expected quarterly results.