American Airlines Group Inc. (NASDAQ:AAL) is one of the stocks that are flying past expectations.
American Airlines snapped a three-day losing streak on Thursday, surging 12.72 percent to close at $12.94 apiece as investors repositioned portfolios ahead of the release of its second quarter results, with sentiment buoyed by one of its peers’ impressive earnings.
In a statement, American Airlines Group Inc. said it would announce the results of its second quarter financial and operating performance on July 24 at 7:30 AM Central Time (8:30 AM Eastern Time).
During the session, American Airlines Group Inc. rallied alongside its peers after Delta Airlines’ impressive earnings and upbeat comments about stabilizing travel demand, sparking optimism across the overall sector.
A passenger jet taking off, representing the company’s commitment to air transportation services.
In the first quarter of the year, American Airlines Group Inc. widened its net loss by 52 percent to $473 million from $312 million in the same period last year. Total operating revenues, meanwhile, ended flat at $12.5 billion.
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This article is originally published at Insider Monkey.
