Planes are seen at Charlotte Douglas International Airport on December 28, 2022 in Charlotte, United States.
Peter Zay | Anadolu Agency | Getty Images
American Airlines hiked its revenue estimates for the fourth quarter on Thursday thanks to strong demand and high fares.
The airline estimates revenue rose as much as 17% over 2019, up from a previous forecast of an 11% to 13% increase over the period three years earlier, before the pandemic.
American said revenue per seat mile likely rose 24% in the quarter from 2019, above its prior forecast of 18% to 20%.
Its shares were up more than 3% in premarket trading.
American is scheduled to report quarterly results before the market opens Jan. 26.
This is breaking news. Check back for updates.
Image and article originally from www.cnbc.com. Read the original article here.