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BREAKING NEWS

American Airlines raises forecast for key revenue measure

American Airlines raises forecast for key revenue measure
FILE PHOTO: American Airlines Boeing 737 MAX jets sit parked at a facility in Tulsa, Oklahoma, U.S., May 10, 2019. American Airlines/Handout via REUTERS/File Photo -
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(Reuters) – American Airlines Group Inc <AAL.O> on Wednesday raised its second-quarter forecast for unit revenue, a closely watched performance measure for carriers, as the grounding of Boeing Co’s <BA.N> 737 MAX jets reduced its overall fleet size.

The No.1 U.S. airline said it now expects unit revenue, which compares sales to flight capacity, to increase between 3% and 4% percent in the quarter ended June, compared with its earlier forecast of a rise between 1% and 3%. (http://bit.ly/2Lf12bo)

(Reporting by Ankit Ajmera in Bengaluru; Editing by Saumyadeb Chakrabarty)

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