Shares of American Airlines Group Inc. rallied 1.1% in premarket trade Wednesday, after the air carrier raised its fourth-quarter unit revenue outlook, citing improving yields in all geographic regions and higher-than-anticipated domestic close-in bookings. The company now expects total revenue per available seat miles to be up 5.0% to 6.0%, compared with its previous guidance range of 2.5% to 4.5%. The company also raised its outlook for pre-tax margin, excluding special items, to 6.5% to 7.0% from 4.5% to 6.5%. Total capacity for 2017 was up about 1% from a year ago, with domestic capacity about flat and international capacity up 4%. The stock has lost 1.8% over the past three months through Tuesday, while the NYSE Arca Airline Index has gained 1.9% and the S&P 500 has climbed 7.9%.
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