(MENAFN- ProactiveInvestors)-UPDATES SHARE PRICE- American Airlines Group (NASDAQ:AAL) fell on Friday even as the world's largest airline reported an 80% jump in profit in the September quarter driven by lower fuel prices. Shares declined 0.5% at $45.76 at 1:31 p.m. in New York expanding this year's slump to 14.4%. Net income of $1.7bn or $2.49 per share in the July-to-September period compared to $942mln or $1.28 per diluted share the Fort Worth Texas-based company said in a statement on Friday. Stripping out special charges it earned $1.9bn or $2.77 per diluted share above the $2.72 average estimate of 15 analysts polled by Capital IQ. Revenue however decreased 4% to $10.71bn missing the Wall Street consensus of $10.72bn. The financial results were based on a decline in revenue combined with a larger drop in expenses. Operating expenses fell 12% to $8.7bn. American also announced a $2bn addition to its program of buying back its own stock over the next 15 months.
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