Airline stocks rallied in morning trading, with United Continental and American Airlines rising over 9%.
For the first quarter of 2022, American (ticker: AAL) posted a loss of $2.52 a share. Excluding special items, the company posted a loss of $2.32 a share, narrower than estimates that called for a loss of $2.39. Revenue was $8.9 billion, above Wall Street forecasts for $8.79 billion, and in line with American's preliminary results that guided for $8.89 billion in revenue.
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