YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

American Airlines earnings plunge 44%

Posted online
American Airlines Group Inc.'s earnings dropped 44 percent in the second quarter, largely due to a big provision for income tax.

The world's largest airline posted net income of $950 million, or $1.68 per share, in the quarter ended June 30, down from $1.7 billion, or $2.41 per share, a year earlier.

Provision for income tax surged to $543 million from $15 million.

Read more from Reuters.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
From the Ground Up: Republic Intermediate School

The Republic School District is on track to open its Intermediate School for fifth- and sixth-grade students for the 2025-26 academic year.

Most Read
Update cookies preferences