American Airlines raises profit forecast for Q2 citing strong travel demand

American Airlines has raised its forecast for Q2 profit than its previous expectations citing strong travel demand and low jet fuel costs. The airline said it now expected adjusted earnings per share to come in between $1.45 and $1.65, versus its prior estimate of $1.20 to $1.40. The airline has raised its revenue per available seat mile, to be down approximately 1% to 3%, better than the prior guidance of a decrease of 2% to 4%. “This improvement in unit revenue versus prior guidance is driven by continued strength in the demand environment,” the company said in an 8-K filing.