Stocks drop as virus woes offset economic data - Article bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
By Holly Ellyatt, CNBC •
Updated 17 mins ago
FRANCISCO SECO | AFP | Getty Images
European markets are following the positive momentum seen in yesterday s session, echoing upbeat trading in Asia-Pacific overnight, although the same can t be said for their U.S. counterparts.
LONDON European stocks advanced on Thursday following a global rebound in markets after days of negative sentiment.
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The pan-European Stoxx 600 gained 0.3% in early trade, with tech stocks climbing 1% to lead gains as all sectors except financial services traded in positive territory.
Money Report
American Airlines: Q1 Earnings Snapshot
April 22, 2021 GMT
FORT WORTH, Texas (AP) American Airlines Group Inc. (AAL) on Thursday reported a loss of $1.25 billion in its first quarter.
On a per-share basis, the Fort Worth, Texas-based company said it had a loss of $1.97. Losses, adjusted for non-recurring gains, were $4.32 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $4.35 per share.
The world’s largest airline posted revenue of $4.01 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $4.03 billion.
American Airlines shares have increased 33% since the beginning of the year. The stock has increased 91% in the last 12 months.
American Airlines posts US$1.25 billion loss, delays new jets Toggle share menu
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American Airlines posts US$1.25 billion loss, delays new jets
FILE - In this July 17, 2019 file photo American Airlines planes are parked on the tarmac at Phoenix Sky Harbor International Airport in Phoenix. American Airlines Group Inc. (AAL) on Thursday, April 22, 2021, reported a loss of US$1.25 billion in its first quarter. (AP Photo/Ross D. Franklin, File)
22 Apr 2021 07:56PM Share this content
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FORT WORTH, Texas: American Airlines said Thursday (Apr 22) that it lost US$1.25 billion in the first quarter and continued to slash costs, including delaying delivery of new jets as it waits for air travel to recover from the pandemic.
US aid lifts Southwest to Q1 profit, American loses $1 25B | Taiwan News taiwannews.com.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taiwannews.com.tw Daily Mail and Mail on Sunday newspapers.