The Traderszone Network

Published in TZ Latest News 9 October, 2015 by The TZ Newswire Staff

American Air, United Turning More Upbeat On Margins

American Airlines’ (AAL) stock felt the wind beneath its wings Friday after the company said September traffic was up 7.2% and narrowed its pretax margin guidance to the upper end of its range. The airline now expects its Q3 pretax margin, minus items, to be 17%-18%, up from last month’s issued guidance for 16%-18%. American shares surged nearly 7% Friday, but they remain deep in a correction.

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