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American Airlines raises profit outlook on strong demand, cheaper fuel

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An American Airlines plane takes off from the Miami International Airport on May 02, 2023 in Miami, Florida. 

Joe Raedle | Getty Images

American Airlines raised its adjusted earnings outlook for the second quarter due to strong travel demand and lower fuel prices.

Adjusted per-share earnings will are available in between $1.45 and $1.65, American estimated Wednesday, up from a previous forecast of $1.20 to $1.40 per share. The Fort Price, Texas-based airline said it’s now expecting unit revenues within the three months ending June 30 to are available in 1% to three% lower than the identical period last 12 months, an improvement from a previous forecast for a decline of as much as 4%.

American’s shares added greater than 1% on Wednesday trading while the S&P 500 fell.

The airline is scheduled to report results for the second quarter at the tip of July.

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