Why American Airlines (AAL) Stock Is Up Today
NEW YORK (TheStreet) -- American Airlines
Total revenue passenger miles grew 2.1% from the year-ago month to $19.2 billion. American Airlines reported a load factor if 84% in May, down 30 bps from May 2013 due to soft performance in Latin America.
Looking to the second quarter American Airlines expects revenue per available seat mile will be up 5% to 7% from the year-ago quarter.
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"American Airlines Group Inc., formerly AMR Corporation, operates in the airline industry. The Company's principal subsidiary is American Airlines, Inc. (American). As of December 31, 2011, American provided scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe and Asia. AMR Eagle Holding Corporation (AMR Eagle), a wholly owned subsidiary of the Company, owns two regional airlines, which do business as American Eagle-American Eagle Airlines, Inc. and Executive Airlines, Inc. (collectively, the American Eagle carriers). American also contracts with an independently owned regional airline, which does business as AmericanConnection (the AmericanConnection carrier). As of December 31, 2011, AMR Eagle operated approximately 1,500 daily departures, offering scheduled passenger service to over 175 destinations in North America, Mexico and the Caribbean."