Downward revisions of projected fourth-quarter unit revenues by two U.S. major airlines within a week suggests that strong momentum reported by U.S. airlines during last year’s third and early fourth quarters will be difficult to sustain in 2019. American Airlines on Jan. 10 said 2018 fourth-quarter (Q4) total revenue per available seat mile (TRASM) will be up 1.5% year-over-year (YOY), at the bottom end of its previous 1.5-3.5% range. “This change is due primarily to a lower ...

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