We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
American Airlines' Traffic & Load Factor Increase in May
Read MoreHide Full Article
American Airlines Group Inc. (AAL - Free Report) , a premier passenger carrier released impressive traffic results for the month of May. The company witnessed a 2.6% rise in traffic, measured in revenue passenger miles (RPMs), showing a record 19.9 billion.
On a year-over-year basis, the consolidated capacity (or available seat miles/ASMs) inched up 2.3% to 24.3 billion. Also, the load factor or percentage of seats filled by passengers increased to 82.1% from 81.9% in May 2016 as traffic growth outpaced capacity expansion.
On a year-to-date basis, the carrier registered a meager 0.3% rise in RPMs to 89.5 billion, while ASMs remained flat at 111.2 billion. Besides, load factor increased 30 basis points year over year to 80.5%. Also, the passenger count (PAX) declined marginally on a year-to-date basis.
The company maintains projection for second quarter 2017 total revenue per available seat mile (TRASM) to rise in the range of 3.5%-5.5% year-over-year. Additionally, its second quarter pre-tax margin excluding special items is expected to vary between 12%-14%, unchanged from the previous prediction.
Shares of Air France-KLM, Deutsche Lufthansa and International Consolidated Airlines gained above 58%, 40% and 6% respectively, over a period of three months.
More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
American Airlines' Traffic & Load Factor Increase in May
American Airlines Group Inc. (AAL - Free Report) , a premier passenger carrier released impressive traffic results for the month of May. The company witnessed a 2.6% rise in traffic, measured in revenue passenger miles (RPMs), showing a record 19.9 billion.
On a year-over-year basis, the consolidated capacity (or available seat miles/ASMs) inched up 2.3% to 24.3 billion. Also, the load factor or percentage of seats filled by passengers increased to 82.1% from 81.9% in May 2016 as traffic growth outpaced capacity expansion.
On a year-to-date basis, the carrier registered a meager 0.3% rise in RPMs to 89.5 billion, while ASMs remained flat at 111.2 billion. Besides, load factor increased 30 basis points year over year to 80.5%. Also, the passenger count (PAX) declined marginally on a year-to-date basis.
The company maintains projection for second quarter 2017 total revenue per available seat mile (TRASM) to rise in the range of 3.5%-5.5% year-over-year. Additionally, its second quarter pre-tax margin excluding special items is expected to vary between 12%-14%, unchanged from the previous prediction.
American Airlines Group, Inc. Price
American Airlines Group, Inc. Price | American Airlines Group, Inc. Quote
Zacks Rank & Key Picks
American Airlines currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in airline space are Air France-KLM SA (AFLYY - Free Report) , Deutsche Lufthansa AG (DLAKY - Free Report) and International Consolidated Airlines Group SA (ICAGY - Free Report) . All sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air France-KLM, Deutsche Lufthansa and International Consolidated Airlines gained above 58%, 40% and 6% respectively, over a period of three months.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>