Q2 revenues: 7.27 billion Swiss francs vs. estimate of 7.23 Swiss f r ancs, according to Reuters. Here are some of the key metrics:Q2 net profit: 1.174 billion Swiss francs ($1.21 billion), up 14 percent on a year earlier. UBS, Switzerland's biggest bank, posted an unexpected rise in net profit on Friday despite CEO Sergio Ermotti giving a cautious outlook and highlighting that low volatility had hurt certain sectors of the bank. 879 million Swiss francs was the estimate, according to Reuters. "We are highly concentrated of course in the FX (foreign exchange), we are one of the leaders in the FX business and volatility levels on all major currencies has been extremely low so we are suffering on that side," UBS Chief Executive, Sergio Ermotti, told CNBC on Friday.
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(Reuters) - American Airlines Group Inc (AAL.O) on Friday reported quarterly revenue and adjusted profit that beat analyst projections, helped by strong passenger demand and improving average fares. On an adjusted basis, American Airlines earned $1.92 per share, topping analysts' consensus forecast of $1.87 per share, according to Thomson Reuters I/B/E/S. A passenger arrives to check in for an American Airlines filght at O'Hare International Airport in Chicago, Illinois, U.S.October 28, 2016. For the third quarter, American said it expects to see its total revenue per available seat mile inch up between 0.5 percent and 2.5 percent. 1 U.S. airline by passenger traffic said total operating revenue grew to $11.11 billion in the second quarter through June 30, from $10.36 billion a year earlier.
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(Reuters) - American Airlines Group Inc (AAL.O) on Friday reported quarterly revenue and adjusted profit that beat analyst projections, helped by strong passenger demand and improving average fares. On an adjusted basis, American Airlines earned $1.92 per share, topping analysts' consensus forecast of $1.87 per share, according to Thomson Reuters I/B/E/S. A passenger arrives to check in for an American Airlines filght at O'Hare International Airport in Chicago, Illinois, U.S.October 28, 2016. For the third quarter, American said it expects to see its total revenue per available seat mile inch up between 0.5 percent and 2.5 percent. 1 U.S. airline by passenger traffic said total operating revenue grew to $11.11 billion in the second quarter through June 30, from $10.36 billion a year earlier.
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