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American Airlines higher on improved outlook

Aug. 09, 2016 3:25 PM ETAmerican Airlines Group Inc. (AAL) StockAALBy: Clark Schultz, SA News Editor1 Comment
  • American Airlines Group (AAL +1%) is higher after issuing its report on July traffic and boosting its outlook for Q3 unit revenue (-3% to -5% vs. -3.5% to -5.5%).
  • Factors that are poised to help boost profit in the last half of the year for American include the company's new credit card agreement and a slower pace of capacity growth that will allow bookings to catch up.
  • American's management also cited a slight improvement in yields which indicates that fares in many markets are holding up.
  • Previously: American Airlines higher after holding margin guidance steady (Aug. 9)

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