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American Airlines raises second-quarter forecast for key revenue metric

Posted by: Admin | Posted on: May 9th, 2017 | 0 Comments


American Airlines Group (AAL.O) on Tuesday raised its forecast for total revenue per available seat mile (TRASM), a key revenue metric, for the second quarter, citing improving yields and lower estimated fuel prices.

The No. 1 U.S. airline said it now expects TRASM to increase about 3.5-5.5 percent in the quarter, compared with its earlier forecast of a rise of 3-5 percent.


The company also said it now expects pre-tax margin, excluding certain items, to be between 12-14 percent for the quarter, up from its prior guidance of 11-13 percent.

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Savio D’Souza)

Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/8zvr4Rf36u8/us-american-airline-outlook-idUSKBN1851GC

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