Investing
American Airlines raises Q2 profit outlook on lower fuel costs
© Reuters. FILE PHOTO: An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike Blake
(Reuters) – American Airlines (NASDAQ:) Group on Wednesday raised its outlook for second-quarter profit as it expects to pay lesser for jet fuel compared to its previous estimate.
The company forecast profit in the range of $1.45 to 1.65 per share for the current quarter.
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