American Airlines Forecasts Return to Profit as Bookings Rebound

American Airlines Forecasts Return to Profit as Bookings Rebound
An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport on March 28, 2018. Mike Blake/Reuters
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CHICAGO—The American Airlines Group became the latest carrier on Thursday to offer an upbeat outlook on bookings, saying rebounding passenger numbers would help it back to profit in the current quarter.

Shares in the United States’ biggest airline by seat capacity soared in pre-market trade, with the Texas-based carrier also saying that rising travel demand had translated into “record” sales in March and drove monthly revenue above levels in pre-pandemic 2019.