FORT WORTH, Texas (AP) — At American Airlines, revenue is higher than expected but so are costs. The airline said Tuesday that first-quarter revenue will be a tick better than Wall Street expected. That’s an indication that demand for travel has been strong and fares are rising. However, revenue is still expected to be 16% below pre-pandemic levels in 2019. And costs are rising faster than American expected just a month ago. The mixed outlook from American could provide a hint of what other airlines will say when they begin reporting financial results for the quarter, starting with Delta Air Lines on Wednesday.
American Airlines sees revenue recovery but higher costs too
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