American Airlines raises second-quarter forecast for key revenue metric

[May 09, 2017]  (Reuters) - American Airlines Group on Tuesday raised its forecast for total revenue per available seat mile (TRASM), a key revenue metric, for the second quarter, citing improving yields and lower estimated fuel prices.

American Airlines aircraft are parked at Ronald Reagan Washington National Airport in Washington, U.S., August 8, 2016. REUTERS/Joshua Roberts/File Photo

The No. 1 U.S. airline said it now expects TRASM to increase about 3.5-5.5 percent in the quarter, compared with its earlier forecast of a rise of 3-5 percent.

The company also said it now expects pre-tax margin, excluding certain items, to be between 12-14 percent for the quarter, up from its prior guidance of 11-13 percent.

(Reporting by Shashwat Awasthi in Bengaluru; Editing by Savio D'Souza)

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