American Air Sees Profit This Year as Quarterly Loss Narrows

American Airlines Group Inc. reported a smaller-than-expected loss in the third quarter, and the carrier joined rivals in predicting a strong end to the year as corporate and premium leisure travel remain the industry’s growth drivers.

The adjusted loss was 17 cents a share in the three months ending in September, the Fort Worth, Texas-based carrier said on Thursday. That’s better than the average deficit of 27 cents predicted by analysts surveyed by Bloomberg.