Why American Airlines (AAL) Is Up Today
NEW YORK (TheStreet) -- American Airlines
American Airlines announced total revenue passenger miles, or RPMs, totaled 17.3 billion in January. Total capacity for the month was 21.6 billion available seat miles (ASMs), a 2.3% increase from January 2013. Total passenger load factor was 80.3% for January, a 1.2 percentage point increase from the same month in 2013.
Based on the one month of data and predictions for February and March, American Airlines said Monday it expects first-quarter 2014 consolidated passenger revenue per available seat mile (PRASM) to increase by 2% to 4% from the year-ago quarter.