American Airlines cuts first-quarter forecast for unit revenue

April 9, 2019

(Reuters) – American Airlines Co Group Inc said on Tuesday its first-quarter revenue per available seat mile would be below its previous forecast due to the groundings of Boeing 737 MAX planes and the U.S. government shutdown.

The airline said it now expects the closely followed measure of airline performance to be flat to up 1 percent compared with the prior forecast of flat to 2 percent growth.

(Reporting by Rachit Vats in Bengaluru; Editing by Arun Koyyur)

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