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American Airlines on Thursday forecast a second-quarter pretax profit as strong bookings help it cover soaring fuel costs, the latest airline to report robust travel demand is outpacing expenses.
American, the country’s largest airline, said March was the first month since the Covid pandemic began that its revenue surpassed 2019 levels and said bookings have continued to rise.
The carrier forecast second-quarter sales as much as 8% higher than the same period three years ago even though it plans to fly between 6% and 8% less than its schedule for the same three months of 2019. That’s still more than competitors Delta Air Lines and United Airlines, which have been more conservative about…
Source cnbc.com
