American Airlines Stock Rises 4% After Reducing Losses

American Airlines Group stock saw a significant increase of over 4% during Friday’s trading session,
following the release of financial results that revealed a substantial reduction in the company’s losses for the third quarter of the year.

Content

American Airlines
Russia

American Airlines

The financial data showed that the company’s net losses decreased by 73%,
amounting to $149 million, or $0.23 per share,
compared to losses of $545 million ($0.83 per share) during the same period last year.

The figures also revealed that the earnings per share, excluding special items,
reached $0.30, compared to $0.38 in the third quarter of last year.
These results exceeded analysts’ average expectations of $0.16 per share,
which helped boost the company’s stock performance in the markets.

Russia

Russian Central Bank Raises Interest Rates by 200 Basis Points
On Friday, the Russian Central Bank decided to raise interest rates by 200 basis points,
bringing the rate to 21%, marking the highest level in over two decades.
This move aims to control the rising inflation in Russia.

Despite expectations of a potential 100 basis points increase to 20%,
the bank surprised the markets with a more aggressive tightening of its monetary policy.

The central bank stated that this tightening is necessary to bring inflation back to its target level,
emphasizing the importance of lowering inflation expectations.
It added that the balance of risks in the medium term still leans toward significantly higher inflation,
necessitating strict measures to achieve sustainable economic stability.

American Airlines Stock Rises 4% After Reducing Losses

American Airlines Stock Rises 4% After Reducing Losses

Related Topics