American Airlines Falls After Cutting Quarterly Unit Revenue
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American Airlines Group Inc. shares fell the most in almost a month after it said fourth-quarter unit revenue will be less than an already lowered forecast as traffic declined in some international markets.
The carrier also narrowed its expectation for pretax margin, excluding special items, to 10 percent to 11 percent, from an earlier projection of as much as 12 percent, the Fort Worth, Texas-based company said today in a statement.