American Airlines Earnings after storm! They have made through expectation!

American airlines release earning for third-quarter. They have recorded many storms and that is why they canceled almost 7000-8000 flights. The expectation for earnings was somewhere around $11 billion dollars.

American Airlines said they had to cancel more than 8000 flights due to the storm. Also, said the storm will cost them more than $80 million in the pretax period. American Airlines said they are expecting an increase in airplanes travel by 2%.

Net income of $620 million is now lower than in 2016 by 15%. American airlines also post earning per share of $1.42 and wall street forecast was $1.40. How is it looking now? Let's see.


Screenshot from CNBC.COM Time Frame 1H AAL

How you all can see now will the price be in this price channel and go down till somewhere 45.0. there will price bounce off back or go down through support line. 

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