American Airlines expects second-quarter unit revenue to rise between
16.5 percent and 17.5 percent from a year earlier.
That’s lower than the forecast of other major carriers, CEO Gerard
Arpey told an investors’ conference in New York on Tuesday.
“Unit revenue won’t outpace the competition in the current quarter as it has in previous quarters,” Arpey said. “But this is important progress as we work to
regain the ground we lost in the Great Recession.”
The airline said in a Securities and Exchange Commission filing earlier
Tuesday that revenue from cargo and other services will rise between 11.8 and
12.8 percent compared with the second-quarter of 2009.
Although Arpey says the economic outlook is still uncertain, he’s confident
about the airline’s ability to navigate a bumpy recovery.
“Nobody knows yet what will happen with economy and fuel prices
remaining volatile, but I am more encouraged about our company than I have been
in a long time.”