American Airlines (AAL) 3Q 2022


An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida.

Joe Raedle | Getty Images

American Airlines reported a $483 million profit for the third quarter and joined rivals in forecasting resilient travel demand, as the airline industry continues to shrug off concerns about an economic slowdown.

American’s revenue rose to a record $13.46 billion in the three months ended Sept. 30, up 13% from 2019 despite flying nearly 10% less, a sign passengers are still traveling despite higher fares. Its quarterly sales came in slightly ahead of analysts’ estimates.

“Demand remains strong, and it’s clear that customers…

Source cnbc.com

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