American Airline Sees 7.2% Rise in Revenue As Demand Grows

REUTERS |  American Airlines Group Inc. reported a 7.2 percent rise in quarterly revenue, helped by strong passenger demand and improving average fares.

The No. 1 U.S. airline by passenger traffic said unit revenue – which compares sales to flight capacity – rose 5.7 percent in the second quarter ended June 30.

However, the company’s net income fell to $803 million, or $1.63 per share, in the quarter from $950 million, or $1.68 per share, a year earlier.

On an adjusted basis, American Airlines earned $1.92 per share, compared with $1.77 per share a year earlier.

Total operating revenues rose to $11.11 billion in the quarter from $10.36 billion.

Reporting by Ankit Aimera for Reuters