American Airlines Group Inc on Wednesday raised its estimate for second-quarter ...
) MAX jets left the No. 1 U.S. carrier with fewer aircraft in service, allowing it to fly fuller planes.
The company, however, said its second-quarter pretax profit would be reduced by about $185 million because it canceled over 7,000 flights in the quarter. The company, which has the second-biggest fleet of MAX aircraft in the United States with 24 jets, now expects unit revenue, a measure that compares sales to flight capacity, to increase between 3% and 4% percent in the quarter ended June, compared with its earlier forecast of a rise of between 1% and 3%.
Analysts have said non-MAX operators such as Delta Air Lines Inc are expected to do much better this year as they would benefit from reduced supply levels in the form of higher load factors and fares.
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