CEO Robert Isom reaffirmed American Airlines' full-year profit outlook at a Bernstein investor conference on Wednesday. The carrier is maintaining its financial targets despite a significant increase in fuel costs.
Isom attributed the company's resilience to robust demand from premium, corporate, and leisure travelers. The airline reports that flights are currently 80% booked for the second quarter.
American Airlines projects a 15% year-over-year increase in second-quarter revenue. Company shares rose 2% during Wednesday morning trading following the update.