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Why American And Delta Airlines Look Clear For Takeoff
American Airlines Group Inc (NASDAQ:AAL) and
Delta Airlines Inc (NYSE:DAL) look back on track to continue their ascent towards pre-pandemic price levels.
On April 22 American Airlines reported an EPS decrease of 63% over the past year to ($4.32), which missed the Street estimate of ($4.30). The company reported revenues of $4 billion, a decrease of 52.93% year over year.
Delta Airlines released its earnings on April 15 and showed similar losses. Delta EPS decreased 596% year-over-year to ($3.55), which missed the Street estimate of ($3.13) and revenues of $4.15 billion, a decline of almost 52% year-over-year.
The markets are forward-looking and, with the COVID-19 vaccine rollout ramping up, a travel boom could be on the horizon which could help elevate American Airlines and Delta Airlines. ....

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