American Airlines reports increase in Jan. traffic
FORT WORTH, Texas (AP) — Traffic and a key revenue figure are rising at American Airlines and US Airways.
American Airlines Group Inc. said Monday that traffic in January rose 3.8 percent, as passengers flew 17.3 billion miles. Domestic travel rose 2.9 percent, while international grew 6.7 percent.
The company added 2.3 percent capacity. Still, with traffic rising faster than the supply of seats, flights were more full — 80.3 percent compared with 79.1 percent in January 2013.
The company, formed by the December merger of American and US Airways, said it expects a key revenue figure will rise in the first quarter based on the January results and its forecast for February and March. Revenue for every seat flown one mile is expected to increase by between 2 percent and 4 percent for the quarter, compared with the same period last year.
Shares of the Fort Worth, Texas, company rose 6 cents to $35.73 in afternoon trading.