American Airlines shares on rise despite trimmed revenue and margin outlooks
American Airlines Group Inc. AAL, -0.53% trimmed its first-quarter unit revenue guidance, citing the negative impact of the government shutdown, the grounding of its 737 MAX fleet. The air carrier now expects total revenue per available seat mile to be about flat to up 1.0% from a year ago, compared with its previous guidance of flat to up 2.0%. The company also cut its outlook for adjusted pre-tax margin to 2.0% to 4.0% from 2.5% to 4.
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