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Why Is American Airlines Stock Seeing Blue Skies Today?

American Airlines Group Inc. (NASDAQ:AAL) shares are trading higher after the company reported first-quarter financial results and issued second-quarter adjusted EPS guidance with a midpoint above estimates. Total revenue increased 3.1% to $12.57 billion, just missing estimates of $12.60 billion. Adjusted operating margin stood at 0.6% in the first quarter vs. 3.7% a year ago. The company reported an adjusted EPS loss of $(0.34), which missed the consensus estimate of $(0.29). Related: American Airlines Is ‘A Guide And Beat Story,’ Analyst Says As Stock Gets Upgrade The company generated an operating cash flow of $2.2 billion and a free cash flow of $1.4 billion in the quarter. American Airlines reduced ...