American Airlines CEO Says Feels "Really Good" About Q3 Revenue Guidance Of 16%-19% YoY Growth; Says Vast Majority Of Current Revenue Gains Can Be Retained, Expects Performance To Be Durable; Says Revenue Strength Broad-Based Across Domestic, International, Front Cabin And Coach; Says Airline Has Recaptured "A Tremendous Amount" Of Higher Fuel Expense Through Revenue; Says From A Co-Brand Perspective, We're Looking At Cash Regeneration Of About $8B This Year
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Why It Matters
American Airlines expects strong third quarter revenue growth across all customer types. The airline is making more money from ticket sales and credit card deals, which suggests customer demand is holding steady.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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