American Airlines forecasts second-quarter profit largely above estimates

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American Airlines News

International Air Transport Association,Travel Expenses,Airlines For America

Shares of the carrier were up 4% in premarket trading. Major U.S. airlines are experiencing a resurgence in corporate reservations as large companies ramp...

-American Airlines forecast current-quarter profit largely above analysts' expectations on Thursday, amid a rebound in business travel and expectations of strong demand in the upcoming summer season.Major U.S. airlines are experiencing a resurgence in corporate reservations as large companies ramp up their work-related travel expenses - a customer segment that was largely absent from the travel surge after the pandemic.

Airline executives have also highlighted robust travel demand across both domestic and international routes in the summer. Three top executives at Tesla have resigned in two weeks, with the latest departure at the end of its earnings callThe company recently attempted to fend off short sellers by advising investors on ways to prevent their shares from being loaned for short-interest positions.

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