American Airlines Raises Second Quarter Earnings Outlook

•American Airlines increased its adjusted earnings outlook for Q2 due to strong travel demands and lower fuel prices.

•The airline now estimates adjusted per share earnings between $1.45 and $1.65, up from $1.20 to $1.40 per share.

•American Airlines expects revenue per available seat mile for the three months ending June 30, to be 1% to 3% lower than the same period last year, an improvement from the previous forecast of up to a 4% decline.

•Shares were up close to 1% in morning trading while the S&P 500 was down.