American Airlines (AAL, $12.26) shares powered higher Tuesday after the carrier said it expects third-quarter revenues to be firmly higher than pre-pandemic levels, as higher ticket prices look to offset a decline in overall flight capacity.

It said revenues for the three months ending in September likely rose 13% from the same period in 2019 to around $13.5B, a firmer tally than its prior forecast of a gain of between 10% and 12%. American Airlines shares were marked 5.3% higher in pre-market trading to indicate an opening bell price of $12.69 each.

The airline did not change its expectations for the cost of jet fuel in Q3, maintaining its view of $3.73-$3.78 per gallon. However, the company did reevaluate its cost per available seat mile, another key metric used by the airline industry. American Airlines expects those costs to be up 14% vs. Q3 2019, putting it at the high end of its previous guidance of 12%-14%.