POST Online Media Lite Edition



 

American Airlines Group post record profit of $3.3 billion

Staff writer |
American Airlines Group reported its 2015 fourth quarter results. The company reported a record Q4 GAAP net profit of $3.3 billion, or $5.09 per diluted share.

Article continues below






This includes a $3 billion net special credit resulting from the reversal of the company’s tax valuation allowance. This compares to a GAAP net profit of $597 million in the fourth quarter of 2014, or $0.82 per diluted share.

For full year 2015, the company reported a record GAAP net profit of $7.6 billion, or $11.07 per diluted share, compared to a GAAP net profit of $2.9 billion, or $3.93 per diluted share in 2014.

American Airlines Group’s fourth quarter 2015 net profit, excluding net special credits, was a record $1.3 billion, or $2.00 per diluted share versus a fourth quarter 2014 net profit excluding net special charges of $1.1 billion, or $1.52 per diluted share.

The company’s fourth quarter 2015 pretax margin excluding net special credits was a record 13.4 percent, up 2.8 percentage points from the same period last year.

Excluding net special credits, the company’s 2015 net profit was a record $6.3 billion, or $9.12 per diluted share.

This represents a 50 percent improvement over the company’s 2014 net profit excluding special charges of $4.2 billion, or $5.70 per diluted share. The company’s 2015 pretax margin excluding net special credits was a record 15.3 percent, up 5.5 percentage points versus 2014.


What to read next

American Airlines Group earnings down 63% in Q4
Deutsche Post DHL Group ends 2016 with record earnings
American Airlines reports highest quarterly profit in company history