Shares of American Airlines Group Inc. climbed 1.1% in premarket trade Tuesday, after the air carrier raised its first-quarter outlook for a key traffic metric. Capacity for the month declined 0.9% from a year ago to 23.0 billion available seat miles, while traffic fell 1.2% to 18.8 billion revenue passenger miles. Load factor slipped to 81.5% from 81.7% a year ago. The company raised its guidance for first-quarter total revenue per available seat miles (TRASM) to an increase of 2% to 4% from a previous outlook of up 1.5% to 3.5%. American Airlines lifted its outlook for adjusted pre-tax margin to 4% to 6% from 3% to 5%. The stock has tumbled 9.4% year to date through Monday, while the NYSE Arca Airline Index has eased 0.2% and the S&P 500 has gained 5.3%.
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