This post was originally published on this site
American said it now sees adjusted EPS at $1.55 (the midpoint), up from the prior forecast of $1.30 and the consensus at $1.32. The adjusted operating margin is expected to increase to 13.5%, up from the prior 12%.
Total revenue per available seat mile (TRASM) is seen down 1-3% versus the second quarter of 2022, better than the expected decline of 2-4% the company had projected earlier.
“This improvement in unit revenue versus prior guidance is driven by continued strength in the demand environment,” the company said in a filing.
The carrier maintained its full-year EPS forecast of $2.50-$3.50.
