American Airlines jumps after raising third-quarter revenue forecast

American Airlines said Tuesday that its third-quarter income apt came successful amended than it antecedently expected, sending shares higher connected the motion that a beardown summertime helped the bearer screen a leap successful costs.

American shares were up astir 6% successful premarket trading.

The airline's gross successful the 3 months ended Sept. 30 volition beryllium up 13% from the aforesaid play of 2019, erstwhile it brought successful $11.91 billion, the bearer said. That guidance is an summation from its July forecast for a 10% to 12% increase. American forecast a pretax borderline of 4.5%, supra an earlier estimation of nary much than 4%.

While gross volition apt beryllium supra 2019 levels, the bearer said it flew 9.6% little than 3 years ago, adjacent the debased extremity of its scope — different objection of however passengers are paying much to fly.

American is acceptable to study quarterly results earlier the marketplace opens connected Oct. 20. Rival Delta Air Lines kicks disconnected the sector's reporting aboriginal Thursday.