FlyerTalk Forums - View Single Post - AMR reports $291 million in net earnings
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Old Jul 19, 06, 3:55 pm
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Join Date: Aug 2003
Programs: AA EXP, 5MM; BA GLD
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Originally Posted by justageek
Of all the major non-bankrupt carriers I checked (LUV, UAUA, CAL, LCC, and AMR), AMR was up the least today. The rest were all up 5-8%, while AMR was up just 1%. Does anyone know why the other airlines--which didn't announce earnings except for LUV--were up substantially more than AMR?
I don't have the specific answer to your question, but what moves stock prices generally is not an what is reported in an earnings release on an absolute basis, but rather what is reported relative to what "the street" is expecting. If stock analysts had been expecting AA to report net income of $500 million, for example, the stock certainly would have gone down, rather than up, with a report of $291 million of net income.

BTW, congratulations, connected1. Must be good times in Fort Worth.
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