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4-Traders Homepage  >  Equities  >  Nasdaq  >  American Airlines Group Inc    AAL

Delayed Quote. Delayed  - 07/22 10:00:00 pm
36.36 USD   +4.00%
07/23 AMERICAN AIRLIN : reports $950 million second-quarter profit
07/23 KENNEY : Strike at PHL averted during DNC
07/22 American Airlines and Proofpoint rise; Skechers tumbles
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American Airlines : reports $950 million second-quarter profit

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07/23/2016 | 07:00pm CEST

American Airlines Group reported Friday a second-quarter net profit of $950 million, or $1.68 per diluted share, using Generally Accepted Accounting Principles.

This compares to a GAAP net profit of $1.7 billion in the second quarter 2015, or $2.41 per diluted share.

The air carrier said the results reflect a reversal of the valuation allowance on the deferred tax assets as of Dec. 31, 2015. American's 2016 results include a $543 million provision for income taxes at an effective rate of approximately 38 percent, of which $541 million is noncash due to net operating loss utilization. No tax provision for federal income taxes was recorded in 2015.

The impact of the year-over-year change in noncash income tax expense is removed by comparing pre-tax income. American reported GAAP pre-tax income in the second quarter of $1.5 billion, and pre-tax income excluding special charges of $1.6 billion.

These pre-tax earnings compare to $1.7 billion GAAP and $1.9 billion excluding special charges reported in the second quarter of 2015.

Total revenue in the second quarter of 2016 was $10.4 billion, down from $10.8 billion during the second quarter of 2015.

"These strong second-quarter results are the result of the hard work by our people to improve every aspect of our airline. The more than 100,000 team members of American Airlines are doing an outstanding job of taking care of our customers," CEO Doug Parker said in a statement.

"In addition, our recently announced AAdvantage credit card agreements show that the world's largest airline network is a powerful draw for both our business partners and our customers."

NASDAQ: AAL

2Q 20162Q 2015YTD 2016YTD 2015Total revenue$10.4 B$10.8 B$19.8 B$20.7 BNet income$950 M$1.7 B$1.7 B$2.6 BNet per share$1.68$2.41$2.80$3.70

© Copyright (c) 2016 Tulsa World. World Publishing Co., source Newspapers

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Financials ($)
Sales 2016 39 746 M
EBIT 2016 5 824 M
Net income 2016 3 031 M
Debt 2016 17 888 M
Yield 2016 1,17%
P/E ratio 2016 6,85
P/E ratio 2017 7,16
EV / Sales 2016 0,98x
EV / Sales 2017 0,99x
Capitalization 21 022 M
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American Airlines Group In Technical Analysis Chart | AAL | US02376R1023 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 41,0 $
Spread / Average Target 13%
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Managers
NameTitle
William Douglas Parker Chairman & Chief Executive Officer
J. Scott Kirby President
Robert D. Isom Chief Operating Officer & Executive Vice President
Derek J. Kerr Chief Financial Officer & Executive Vice President
Maya Leibman Chief Information Officer & Executive VP
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