Reuters logo
UPDATE 1-American Airlines raises forecast for key revenue metric
April 11, 2017 / 1:07 PM / 8 months ago

UPDATE 1-American Airlines raises forecast for key revenue metric

(Adds background, share move)

April 11 (Reuters) - American Airlines Group Inc on Tuesday raised its quarterly forecast for a key revenue metric, citing higher average fares.

The No. 1 U.S. airline said it now expects total unit revenue, which measures sales with flight capacity, to be up about 2-4 percent, compared with the 1.5-3.5 percent it previously forecast.

The forecast comes at a time when other airline companies are struggling to increase unit revenue. Last week, No.2 U.S. airline Delta Air Lines Inc lowered its guidance, citing slower-than-expected improvement in average fares for flights booked at the last minute.

Shares of American Airlines rose as much as 1.4 percent to $42.9 in premarket trading. (Reporting by Rachit Vats in Bengaluru; Editing by Sriraj Kalluvila)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below