American Air Chief Strategy Officer ‘very comfortable’ with Q3 revenue guidance

Speaking at Morgan Stanley’s Laguna Conference, American Airlines (AAL) Chief Strategy Officer Steve Johnson stated, according to a transcript of the event: “We came off a terrible July. I’m sure lots been said about that already. So I won’t belabor that point. But as I think we talked about then and others have talked about, we saw bookings start to firm around the 4th of July weekend and that’s resulted in an August that was better than July, September that was better than August. And although we’re only about 50% booked, it looks like October is going to be better than September. So that same progression that we anticipated is playing out exactly right. That’s resulted in our being very comfortable with our third quarter revenue guide. We’re going to produce that on a slightly fewer ASMs, maybe towards the bottom of our ASM range, but that’s what our quarter looks like at this point.”