RTTNews | Jan 20, 2022 07:29AM EST

07:29 Thursday, January 20, 2022 (RTTNews.com) - American Airlines Group Inc. (AAL) on Thursday reported narrower net loss in the fourth quarter on higher travel demand.

Net loss in the fourth quarter was $931 million or $1.44 per share compared with net loss of $2.178 billion or $3.81 per share in the same quarter a year ago.

Excluding one-time items loss was $921 million or $1.42 per share, that beat the average estimate of seventeen analysts polled by Thomson Reuters at $1.47 loss per share. Analysts' estimates typically exclude special items.

Total operating revenue for the quarter more than doubled to $9.427 billion from $4.27 billion last year. The consensus estimate stood at $9.37 billion.

AAL stock is up 1.33% at $17.54.

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