American forecasts slight profit for second quarter

American Airlines has forecast revenue ahead of its previous forecast and a “slight” pretax profit for the second quarter. During the second quarter of 2021, American flew 54.6 billion total available seat miles, down 24.6% versus the second quarter of 2019 and at the lower end of its prior guidance of down 20% to 25% versus the second quarter of 2019. American second quarter completion factor was 98.6% and on-time arrivals rate (A14) was 82.1%. This was the airline’s best-ever performance on both metrics in a second quarter, despite a challenging month of June. American expects its second quarter total