American Airlines gives upbeat 3Q revenue outlook
DALLAS (AP) — American Airlines says third-quarter revenue per mile will increase but so will costs due to higher prices for jet fuel.
The airline also says it might take a big write-down in the fourth quarter to cover the falling value of its older planes. American is replacing some of its gas-guzzlers.
Parent company AMR Corp., based in Fort Worth, Texas, detailed its outlook Wednesday in a filing with the Securities and Exchange Commission.
Analysts have mixed views about the latest news from American, the nation's third-largest airline. They're praising the upbeat revenue outlook but noted that American is still losing money while other U.S. airlines earn profits. One analyst says AMR might need new management.