American Airlines Rises Amid Q3 2021 Financial Results

American Airlines rose 1.08% in pre-market trading. During the last session, AAL stock closed at $19.52 (-0.05%). The financial results for the third quarter of 2021 were released today by American Airlines Group (AAL), and they included: the third quarter’s net income was $169 million, or $0.25 per diluted share.

Net loss for the third quarter was $641 million, or $0.99 per share, excluding net special items.

The third quarter’s revenue was $ 9.0 billion, up 20% from the second quarter of 2021. After a prepayment of $950 million on an emergency loan for spare components during the third quarter, the total available cash was around $18 billion at the conclusion of the quarter.

In the fourth quarter, the firm predicts strong demand during peak travel periods, with more than 6,000 departures on peak days. The company is on track to repay around $15 billion in debt by the end of 2025, as planned.