Dec 9 American Airlines Group Inc raised
its current-quarter forecasts for pre-tax margin and a key
profitability metric, citing an improvement in average fares.
The company said it now expects fourth-quarter unit revenue
to range between a decline of 1 percent and an increase of 1
percent, compared with its previous forecast of a decline of
Unit revenue compares sales to how many seats an airline
flies and how far it flies them.
The airline now expects pre-tax margin excluding items to be
between 6 percent and 8 percent, up from its previous range of 5
percent to 7 percent.
Smaller rival United Continental Holdings Inc also
forecast on Thursday a higher profit margin in the fourth
quarter as bookings strengthened and expenses related to
employment benefits were lower than expected.
(Reporting by Arunima Banerjee in Bengaluru; Editing by