American Airlines Boeing 787-8
American Airlines has topped $10 billion in combined net profits for 2015 and 2016, earning net income of $2.7 billion in 2016 following a net profit of $7.6 billion in 2015. Though net income was down 64.8% in 2016 compared to 2015, significant non-cash income tax provisions related to valuation in each year skews year-over-year comparisons. Dallas/Fort Worth-based American reported a non-cash tax charge of $1.6 billion in 2016 while it gained a $3 billion tax benefit in 2015. On a pre-tax ...
Subscribe to Access this Entire Article
"American Airlines earns $2.7 billion 2016 net profit" 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.