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American Airlines adds 2% after raising forecast on continued demand strength

AuthorSenad Karaahmetovic
Published 31/05/2023, 12:58
© Reuters
AAL
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American Airlines (NASDAQ:AAL) shares are up almost 2% after the company boosted its forecast for the second quarter.

American said it now sees adjusted EPS at $1.55 (the midpoint), up from the prior forecast of $1.30 and the consensus at $1.32. The adjusted operating margin is expected to increase to 13.5%, up from the prior 12%.

Total revenue per available seat mile (TRASM) is seen down 1-3% versus the second quarter of 2022, better than the expected decline of 2-4% the company had projected earlier.

“This improvement in unit revenue versus prior guidance is driven by continued strength in the demand environment,” the company said in a filing.

The carrier maintained its full-year EPS forecast of $2.50-$3.50.

 

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