American Airlines Group Reports November Traffic Results
OREANDA-NEWS. American Airlines Group (NASDAQ: AAL) today reported November 2014 and year-to-date traffic results.
American Airlines Group's total revenue passenger miles (RPMs) for the month were 16.2 billion, down 0.5 percent versus November 2013. Total capacity was 20.8 billion available seat miles (ASMs), up 0.9 percent versus November 2013. Total passenger load factor was 77.7 percent for the month of November, down 1.1 points versus November 2013.
Based on two months of actual data and one month of forecast, the Company expects its fourth quarter 2014 consolidated passenger revenue per available seat mile (PRASM) to be approximately down one percent to up one percent. In addition, the Company continues to expect its fourth quarter pretax margin excluding special charges to be approximately 10 percent to 12 percent.
The following summarizes American Airlines Group traffic results for the month and year-to-date ended November 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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