on Thursday raised its current-quarter revenue forecast as Americans’ thirst for travel to Europe lifted demand for transatlantic flights.
Transatlantic travel is the industry’s most lucrative long-haul market, accounting for 11 per cent to 20 per cent of passenger revenue last year at the big three U.S. carriers: American Airlines , Delta Air Lines and United Airlines. However, the company slashed its quarterly forecasts for operating margin and profit as extended oil production cuts by Russia and Saudi Arabia drove the airline’s fuel expenses higher.
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