American Airlines Group (NASDAQ: AAL) today reported June 2014 and year-to-date traffic results.
American Airlines Group’s total revenue passenger miles (RPMs) for the month were 19.9 billion, up 1.0 percent versus June 2013. Total capacity was 23.4 billion available seat miles (ASMs), up 3.2 percent versus June 2013. Total passenger load factor was 85.0 percent for the month of June, down 1.9 points versus June 2013.
The Company expects its second quarter 2014 consolidated passenger revenue per available seat mile (PRASM) to be up approximately 5.5 percent to 6.5 percent versus the same period last year. In addition, the Company expects its second quarter pre-tax margin (excluding special items) to be approximately 12 percent to 13 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 June 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.
About American Airlines Group
American Airlines Group (NASDAQ: AAL) is the holding company for American Airlines and US Airways. Together with wholly owned and third-party regional carriers operating as American Eagle and US Airways Express, the airlines operate an average of nearly 6,700 flights per day to 339 destinations in 54 countries from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C. The American Airlines AAdvantage and US Airways Dividend Miles programs allow members to earn miles for travel, vacation packages, car rentals, hotel stays and everyday purchases. American is a founding member of the oneworld alliance, whose members and members-elect serve nearly 1,000 destinations with 14,250 daily flights to 150 countries. Connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines and follow US Airways on Twitter @USAirways.
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