American Airlines Group Reports September Traffic Results
OREANDA-NEWS. American Airlines Group (NASDAQ: AAL) today reported September 2014 and year-to-date traffic results.
American Airlines Group's total revenue passenger miles (RPMs) for the month were 16.9 billion, down 0.2 percent versus September 2013. Total capacity was 21.1 billion available seat miles (ASMs), up 1.6 percent versus September 2013. Total passenger load factor was 80.0 percent for the month of September, down 1.5 points versus September 2013.
The Company expects its third quarter 2014 consolidated passenger revenue per available seat mile (PRASM) to be up approximately 0.5 percent to 1.5 percent versus the same period last year. In addition, the Company expects its third quarter 2014 pre-tax margin excluding special items to be between 10 percent and 12 percent. For more financial forecasting detail, please refer to the Company's investor relations update also filed this morning on SEC Form 8-K.
The following summarizes American Airlines Group traffic results for the month and year-to-date ended September 30, 2014 and 2013, consisting of mainline-operated flights, wholly owned regional subsidiaries and operating results from capacity purchase agreements.
The Company believes it is more meaningful to compare year-over-year results for American Airlines and US Airways on a combined basis. Accordingly, the traffic results provided above and in the enclosed table combine the traffic results for all periods presented.
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