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UPDATE 1-American Airlines raises forecast for key revenue metric

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April 11 American Airlines Group Inc on Tuesday raised its quarterly forecast for a key revenue metric, citing higher average fares.

The No. 1 U.S. airline said it now expects total unit revenue, which measures sales with flight capacity, to be up about 2-4 percent, compared with the 1.5-3.5 percent it previously forecast.

The forecast comes at a time when other airline companies are struggling to increase unit revenue. Last week, No.2 U.S. airline Delta Air Lines Inc lowered its guidance, citing slower-than-expected improvement in average fares for flights booked at the last minute.

Shares of American Airlines rose as much as 1.4 percent to $42.9 in premarket trading. (Reporting by Rachit Vats in Bengaluru; Editing by Sriraj Kalluvila)

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