LONDON (ShareCast) - (Sharecast News) - American Airlines expects third-quarter revenues to fall 25%, the carrier said on Tuesday, less than previously forecast.
Updating on third-quarter trading, the US firm said total available seat miles were likely to be down 19.4% compared to the same three months of 2019, at 61.1bn, while total revenues were anticipated to fall 25%. Previous guidance was for revenues to decline by between 24% and 28%.

Excluding net special items, the net loss is slated to come in between $620m and $675m., also better than previously anticipated.

The carrier expects to report a net profit on a statutory basis.

American, which is headquartered in Fort Worth, Texas, said: "During the summer, the company executed on the largest and fastest operational ramp-up in its history as a response to recovery demand. Despite ramp-up related challenges, the company took several corrective actions and saw continuous improvement through the quarter."

Last month had been its best September "in its history", it added, and that trend was set to continue into October.

As at 1415 BST, shares in American were up ahead 1% in pre-market trading.

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