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American Airlines’ results are terrible. Right now, that is great news
(FILES) In this file photo taken on December 02, 202, an American Airlines B737 MAX airplane at Dallas-Forth Worth International Airport in Dallas, Texas. - American Airlines stock rose more than 10% on January 27, 2021, and is rising some 60%, January 28, prompting speculation it could be the next GameStop. The video game chain s 1,700% risein shares has created a battle between small-time traders and major Wall Street institutions. (Photo by Cooper NEILL / AFP)
(AFP)
Jon Sindreu
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Right now, there may be no greater gift for a company than dismal finances.
On Thursday, shares of American Airlines rose almost 30% at the open, reaching an 11-month high. American beat analysts’ profit expectations for the final quarter of 2020: Earnings per share came in at a negative $3.86, whereas the median forecast had them at $4.11.