American Airlines Group posted better than expected third-quarter profits on Friday. Cheap fuel continued to help the airlines bottom lines as it surpassed analyst expectations.
American, the world’s largest airline, earned a net income of $1.7 billion, up 80% year-over-year.
Excluding special charges, the airline leader pull in $1.9 billion in revenue, or $2.77 per diluted share.
The company beat the average analyst estimate of $2.72 a share.
With increasing profits the company is planning to build a new headquarters that will create a corporate campus near Dallas/Fort Worth International Airport.