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		</div><p>American Airlines is reporting a $1.34 billion profit for the second quarter, boosted by strong ticket sales and a huge drop in the price of jet fuel.</p>
<p>As a result, the airline has raised its profit expectations for the year.</p>
<p>Revenue rose 5 per cent to a quarterly record of $14.06 billion.</p>
<p>International travel in particular is picking up, and that is helping American Airlines as well as United Airlines and Delta Air Lines.</p>
<p>Thanks to lower fuel prices, the carrier’s spending at the pump plunged 32 per cent, saving about $1.3 billion compared with a year earlier.</p>
<p>American Airlines now expects to earn between $3 and $3.75 per share for the year.</p>
<p>Analysts have been projecting $3.12, according to a FactSet survey.</p>
<p>For the second quarter, excluding one-time items, American earned $1.92 per share, beating the analyst consensus of $1.59 per share.</p>
<p>Revenue also beat Wall Street’s forecast of $13.74 billion.</p>
<p>Chief executive Robert Isom called it a “fantastic quarter” for the Fort Worth, Texas-based American, and said the airline will focus on profitability and improving its balance sheet, which saw an expansion of debt during the pandemic.</p>
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