Airline Stocks Soar On Upbeat American Airlines, United Airlines

American Airlines (AAL) on Wednesday hiked its second-quarter forecast for unit revenue and adjusted pretax margin, propelled in part by stronger travel demand in the U.S. and Latin America.

The more optimistic outlook follows a similar one last week from Delta Air Lines (DAL), which cited "commercial initiatives and an improving revenue environment." United Airlines (UAL) after the close on Tuesday also offered a solid Q2 unit-revenue forecast.

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