American Airlines reported third-quarter 2016 net income of $737 million, down 56.5% from a net profit of $1.7 billion in the prior-year period, and is planning conservative capacity growth through 2017. The Dallas/Fort Worth-based airline pointed out that pre-tax net income excluding special items was $1.5 billion, but earnings on that basis were still $400 million lower year-over-year. Chairman and CEO Doug Parker told analysts and reporters that “while [earnings] are down, ...

Subscribe to Access this Entire Article

"American 3Q net profit down 56.5%; plans conservative capacity growth " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.