American and rivals reported a surge in costs, which have weighed on their bottom line.
The airline said it would fly 8% to 10% below 2019 levels in the third quarter but said revenue would be up as much as 12% from three years earlier as high fares continue into the summer.Here's how the carrier performed in the second quarter, compared with Wall Street expectations according to Refinitiv consensus estimates:$13.42 billion versus expected $13.40 billion.
Unit costs surged 45% in the second quarter from three years earlier as the carrier, like its rivals, faced a jump in fuel and other expenses. American's executives will hold a call to discuss results at 8:30 a.m. ET Thursday. They are likely to face questions on future travel demand, capacity, its labor talks with its pilots and flight attendant unions, hiring progress and aircraft needs.
United late Wednesday reported its first profit since the pandemic without the help of government aid, but said it would
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