- 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)
American Airlines higher on improved outlook
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Symbol | Last Price | % Chg |
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AAL | - | - |
American Airlines Group Inc. |