Shares of American Airlines (AAL) - Get American Airlines Group, Inc. Report were climbing over 1.4% in afternoon trading on Thursday after its CEO Doug Parker delivered bullish commentary on the airline's future at an investor event.

The CEO of the Fort Worth-based carrier emphatically stated that he doesn't foresee the company ever losing money again, while contending that its stock price will hit $60 per share by November 2018.

But, his commentary comes just as the airline lowered its revenue outlook for the third quarter due to the destruction caused by several major hurricanes.

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"We think our equity is well discounted versus our view of future earnings," Parker stated. "I personally believe that in a couple of years we will look back at the fact that the market allowed us to repurchase billions of dollars of AAL at below $40 over a three-year period as one of the all-time great airline equity buying opportunities."

Shares of American Airlines were trading at around $47 per share on Thursday. The stock has risen just above 1% year-to-date.

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