The parent of American Airlines says business travel is still picking up and the company thinks excellent about its revenue-making power heading into next year.
The chief financial officer of AMR Corp. adds that fares are increasing, particularly on international flights.
CFO Bella Goren told an investors conference Tuesday that the company is cautious about higher fuel prices. Fuel and labor costs are the two major expenses for airlines.
Goren says AMR is encouraged that there seem to be less fare sales, and she says American's passenger revenue per mile in the fourth quarter should come in about 7 percent higher than a year ago.
She says advanced bookings are even or a tad stronger than at this time last year.
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