American Airlines Group profit descends

American Airlines Group Inc (NASDAQ:AAL), the No. 1 U.S. airline by passenger traffic, has reported quite a drop in profit. A year earlier the airline company recorded a $3 billion tax benefit.

American Airlines Group Inc announced that its net income fell to $289 million, or 56 cents per share, in the fourth quarter ended December 31, 2016 from $3.28 billion YoY, respectively $5.09 per share.

The airline earned $1.48 per share.

Read Also: