American Airlines gives rosier outlook for summer revenue

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American Airlines gives rosier outlook for summer revenue
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American said revenue per seat will jump by up to 22% compared with 2019, easily beating an earlier forecast of up 14% to 16%.

"That revenue is offsetting some real cost pressures out there," CEO Robert Isom said at an investor conference.The airline said costs excluding jet fuel will rise by up to 11% per seat, which is a slower increase than Delta.

American expects to pay nearly $4 a gallon for fuel, nearly double the price it paid three years ago.© 2022 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.Please enter email address to continue

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