Why American Airlines (AAL) Stock Is Falling Today
NEW YORK (TheStreet) -- American Airlines AAL fell -3.3% to $35.64 Friday after reporting a lower passenger load factor for July.
The airline announced that total revenue passenger miles grew 1.1% from July 2013 to 20.8 billion. Total capacity for the month was 24.4 billion available seat miles, up 3.1% from the year-ago month. Total passenger load factor for July 2014 was 85.1%, down 17 points from July 2013 as capacity grew faster than passenger numbers.
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