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American Airlines (AAL) Stock Soars on Q2 Earnings Beat

NEW YORK (TheStreet) -- Shares of American Airlines Group (AAL) are up 3.72% to $36.26 in pre-market trade after the company reported 2016 second quarter earnings beating Wall Street's estimates.

The company reported non-GAAP adjusted earnings per share of $2.81, topping estimates of $1.68 per share.

American Airlines also reported revenue of $10.36 billion, down 4.3% from the previous year. Analysts were looking for revenue of $10.32 billion for the quarter.

The company said its second quarter revenue was hurt by competitive capacity growth, continued global macroeconomic softness and foreign currency weakness.

Consolidated passenger...