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American Airlines updates guidance with Irma impact

Published 09/13/2017, 09:19 AM
© Reuters.  American Airlines updates guidance with Irma impact
AAL
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  • American Airlines Group (NASDAQ:AAL) reports traffic increased 3.7% to 21.196B revenue passenger miles in August. Domestic RPMs were up 2.1% during the month. Pacific RPMs jumped 3.2%.
  • Capacity rose 3.2% to 25.543B available seat miles. Domestic ASMs increased 1.5%. Pacific ASMs +12.0%.
  • August load factor +40 bps to 83.3%. YTD load factor is level with last year at 81.9%.
  • American expects Q3 unit revenue of +0.5% to +2.5% before the impact of Hurricane Irma and Q3 unit revenue of +0% to +1% after factoring in the storm's effect. Q3 pre-tax margin is seen landing in a range of 8.5% to 10.5%. Q4 unit revenue is anticipated to improve from Q3.
  • AAL -0.11% premarket to $46.24.
  • Now read: Lithium Miners News For The Month Of July 2017


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