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American Airlines forecasts strong profit for December quarter
Charles Payne to investors: Rallies could come from earnings
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American Airlines Group Inc. expects to report a profit in the December quarter above Wall Street estimates, the company said on Thursday, helped by a strong rebound in travel as the demand shows no signs of cooling despite high airfare.
Major U.S. carriers are optimistic that the recovery trends will continue as the reopening of borders and strengthening of the dollar has encouraged Americans to travel oversees.
Corporate travel, that has been the slowest to recover, was also boosted due to office reopenings.
Shares of American Airlines were up about 3% at $14.43 in premarket trade.