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Airline stocks rise on American Airlines' upbeat forecast


By Rachit Vats(Reuters) - U.S. airline stocks rose after American Airlines Group Inc on Wednesday became the second major airline this week to forecast higher unit revenue for the fourth quarter.Analysts said forecasts for the key performance metric from American Airlines, the No.1 U.S. airline, and smaller rival United Airlines confirm fares are trending higher due to rising fuel costs.Non-fuel unit cost growth also seems to be reverting to historical levels, according to Cowen & Co analyst Helane Becker.Shares of American Airlines were up 3 percent and United Airlines was 6.2 percent ...

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First Published: Thu, January 11 2018. 00:53 IST