5/31, 3:26 PM (Source: TeleTrader)
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American Airlines ups financial, operational forecasts for Q2

American Airlines announced Wednesday that it had raised its financial and operational forecasts for the second quarter of 2023 as demand continues to grow.

In a regulatory filing with the US Securities and Exchange Commission, the airline showed that adjusted earnings per share will now be between $1.45 and $1.65. In addition, unit revenues in the three months to June 30 will be 1-3% below the same period last year, an upgrade from the previous forecast of a decline of up to 4%.

"Based on these updated assumptions, the Company now expects its second-quarter adjusted operating margin to be approximately 12.5% to 14.5%," American Airlines said. In the minutes before the opening, at 9:22 am ET, the company's shares were up by 3.08% to sell for $15.07.

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