American Airlines raises profit forecast thanks to stronger demand and cheaper fuel

American Airlines raised its adjusted earnings outlook for Q2 thanks to strong travel demand and lower fuel prices. Adjusted per-share earnings will come in between $1.45 and $1.65, American estimated Wednesday, up from a previous forecast of $1.20 to $1.40 per share. The Fort Worth, Texas-based airline said it’s now expecting unit revenues in the three months ending June 30 to come in 1% to 3% lower than the same period last year, an improvement from a prior forecast for a decline of as much as 4%. American’s shares added more than 1% on Wednesday trading while the S&P 500 fell. The airline is scheduled to report results for Q2 at the end of July.<br/>