American Airlines Sees Topping Profit Forecast as Global Demand Grows
- Airline is boosting capacity for international flights
- Ease of Covid restrictions is boon for overseas travel
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American Airlines Group Inc. said its second-quarter profit may exceed Wall Street projections as international demand builds headed into the peak summer season.
Adjusted profit will be $1.20 to $1.40 a share in the quarter, American said in a statement Thursday, compared with an expected $1.13 a share on average from analyst estimates compiled by Bloomberg. The company reiterated its outlook for a full-year adjusted profit of $2.50 to $3.50 a share.