American AirlinesOn Thursday, the company forecasted a profit for its second quarter due to strong demand from travelers. This helps cover rising fuel prices.

American Airlines, which is the largest national airline, stated that March marked the first month after the pandemic started more than two decades ago when its revenues exceeded 2019 levels. It also said that bookings continue to increase.

American is the third most important airline to release results. United AirlinesAccording to Wednesday’s announcement, it expected to make a profit due to the surge in travel bookings and fares. These comments echo similar ones made last week. Delta Air Lines. After-hours trading on Wednesday saw United’s forecast send airline stocks higher.

American shares rose after the release of results. They were more than 9 percent higher in premarket trades, an increase of roughly 5% fueled by United’s announcement. United saw an increase of more than 8 percent.

Based on Refinitiv’s average estimates, here is how American did in the first quarter.

• Earnings per share adjusted: A loss of 2.32 is less than the expected loss of 2.40

• Total revenue $8.9 billion versus expected $8.826 billion.

American recorded a $1.6 billion net loss in the first quarter, on revenues of $8.9 billion. This is nearly twice its sales of $4 billion a year prior and more than analysts expected.

Fort Worth’s airline reported it was paying $2.80 per gallon fuel during the quarter. That is up 66% from last year. American has stopped using fuel hedging since 2014, when oil prices plummeted.

American executives will call analysts and the media for results discussion at 8:30 am.

This is news breaking. Stay tuned for new updates.