Boston, MA 05/27/2014 (wallstreetpr) – American Airlines reported the traffic results for the month of April 2014 and year to date for the fiscal 2014.
Operating Statistics
The American Airlines Group Inc (NASDAQ:AAL) continue to experience challenge over its operating statistics as a result of negative performance in the pacific route. But, the increasing capacities over Latin America, Atlantic and domestic route compensate the incurring loss and maintain the operating efficiency.
During April 2014, total revenue passenger miles (RPMs) were up by 4.7% to 18.1 billion due to 10.4% increase in Atlantic, 6.3% increase in Latin America and 3.4% increase in domestic compared to April 2013.
However, the decreasing RPMs in Pacific compressed the total RPMs as of the date to 69 billion, up by only 2.5% versus same period 2013.
Higher capacity from Latin America (+10.8%) and Atlantic +6.5%) in April 2014 jumped the total available seat miles (ASMs) by 3.7% to 21.8 billion compared to 21.1 billion in April 2013. Subsequently, it increased the year to date total ASMs to 85.2 billion (+2.5%) versus 83.2 billion in April 2013.
Subsequent to the increase, the total passenger load factor was up by 0.7 percentage points to 82.9% from 82.2% in April 2013 and remained flat at 81% till date.
Merger Boost The Traffic Results
The traffic results comprise of mainline-operated flights, regional subsidiaries and outcome of its purchase agreements. It also includes the combined traffic results of American Airlines Group Inc (NASDAQ:AAL) and US Airways for the month of April.
The addition of US Airways has increased the airline operation and also improved the load factor of regional and trans-Atlantic route.
AAL continues to expect growth in the capacity in coming months and expects the passenger revenue per available seat mile (PRASM) will grow at a range of 4% to 6% during the send quarter 2014 compared to prior year period. In addition, the airline also expects the adjusted pre-tax margin at a range of 10% to 12%.
