American Airlines Beats Expecations Thanks To Cheap Fuel. Announces New Headquarters

American Airlines Profits Q3 2015

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.

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Written by Peter Mondrose

Peter Mondrose

Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at PeterMondrose@BusinessPundit.com or (929) 265-0240.