Global Airport News

Global Airport News

American Airlines said on Tuesday that it expects unit revenue to rise in the third quarter as air traffic recovers.

In a filing with the Securities and Exchange Commission, parent company AMR said unit revenue would likely rise by 9.8 percent to 10.8 percent in the third quarter from the year earlier for American Airlines.

In the third quarter of 2009, American said passenger unit revenue fell 14.5 percent amid lower traffic.

The company also said cargo and other revenue was expected to rise 6.6 percent to 7.6 percent in the third quarter.

Airlines are beginning to recover after two years of lower travel demand. Shares of major US airlines were buoyed on Tuesday after the International Air Transport Association said global carriers are likely to post higher profits this year than it previously forecast. That news helped push the Arca Airline index to a three-year high.

Last week, Delta Air Lines and United parent UAL also forecast higher passenger unit revenue for the third quarter.