American Airlines investors may be getting restless but be patient. That’s is the message from American Airlines’ President Scott Kirby speaking at an investor conference. Current numbers belie the strong underlying demand he says, especially healthy corporate demand. The volumes are there but pricing is weak. Unit revenue will improve when oil prices rise he says. While waiting for the revenue boost from higher crude, Kirby said American is working to improve revenue per available seat mile by cutting capacity by 2.5 percent in the second half, down a percent from prior guidance and rolling out more economy seats toward the end of the year to grab share from low cost carriers.
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