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Actionable news in AAL: AMERICAN AIRLINES GROUP Inc,

After Record Quarter, American Air Goes on Stock Buying Binge


NEW YORK ( TheStreet) -- American Airlines (AAL - Get Report) reported its best quarter ever and said it spent $1.56 billion to repurchase stock during the quarter, while also taking possession of 31 new aircraft.

The carrier reported net income excluding special items of $1.9 billion, or $2.77 a share. Analysts surveyed by Thomson Reuters had estimated $2.72. Revenue fell 3.9% to $10.7 billion, in line with estimates.

For the same period a year earlier, net income excluding items was $1.2 billion, or $1.66 a share.

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Total operating expenses in the third quarter were $8.7 billion, a decrease of 11.9% from a year earlier, due primarily to a 43.5% decrease in fuel...