Shares in U.S. flyer American Airlines (AAL) were nearly 5% higher in pre-market trading as its Q3 earnings beat forecasts.
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The company said premium passenger demand had led to it posting an adjusted loss of $0.17 earnings per share for the third quarter, beating analyst expectations for a loss of $0.28 per share. Revenue reached a record $13.7 billion, slightly above the consensus estimate of $13.63 billion.
It expects adjusted earnings per share between $0.45 and $0.75 for the fourth quarter, above the analyst consensus of $0.42.