Top U.S. airlines forecast better third-quarter profit margins, revenue
- AT&T (T) to Acquire Time Warner (TWX) for $107.50/Share
- Rockwell Collins (COL) to Acquire B/E Aerospace (BEAV) for $6.4B
- China Oceanwide to Acquire Genworth Financial (GNW) for $2.7B
- Top 10 News for 10/17 - 10/21: Merger Rumors Abound; CEOs Depart; Tesla Kicks Autopilot Up A Notch
- Wall Street ends little changed; Microsoft hits record
Travelers line up at an American Airlines ticket counter at O'Hare Airport in Chicago, Illinois, May 13, 2014. REUTERS/Jim Young/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH "BUSINESS WEEK AHEAD JULY 18" FOR ALL IMAGES - RTSIG1H
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
(Reuters) - American Airlines Group Inc (NASDAQ: AAL) and United Continental Holdings Inc (NYSE: UAL) on Tuesday forecast improved profit margins and unit revenue for the third quarter, as travelers spent more on last-minute trips in September than expected.
American, the world's largest airline, said it expects an adjusted pre-tax profit margin between 13 percent and 15 percent, compared with prior guidance between 12 percent and 14 percent. United, the third largest by passenger traffic, said its margin could be as high as 16 percent, versus prior guidance of up to 15.5 percent.
(Reporting by Jeffrey Dastin in New York; Editing by Paul Simao)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Kyrgyz leader's party quits parliamentary coalition
- Plane crashes after take-off in Malta, at least five dead
- Boeing takes on peers, partners in bid for replacement parts business
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!