(Reuters) – American Airlines on Tuesday cut its second-quarter profit forecast, sending the shares of the carrier down about 4% in aftermarket trading.
The company now expects second-quarter adjusted earnings per diluted share to be between $1.00 and $1.15, down from its previous expectations of between $1.15 and $1.45 per share.
It now expects total revenue per available seat mile to be down about 5% to 6% from a year ago and compared to a prior forecast of 1% to 3% lower.
(Reporting by Kannaki Deka in Bengaluru; Editing by Maju Samuel and Arun Koyyur)
