Shares of American Airlines (NASDAQ: AAL) were on an upswing in pre-market trading on Tuesday as the airline stated in an SEC filing that it expects to generate revenues of $13.5 billion, up 13% versus the third quarter of 2019. The airline's total revenue per available seat mile (TRASM) in Q3 is anticipated to be up 25% versus the same period in 2019 and above AAL's earlier guidance between 20% and 24%. However, AAL flew 68.6 billion available seat miles in Q3, a drop of 9.6% versus the same period in 2019. AAL had guided for capacity to be between 8% and 10% lower than in 2019.
https://www.tipranks.com/news/american-airlines-posts-upbeat-revenue-guidance-ahead-of-q3-earnings?utm_source=advfn.com&utm_medium=referral
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