American Airlines Group Sees Q2 PRASM To Be Down 6–8%

American Airlines Group AAL revealed that it sees its consolidated passenger revenue per available seat mile (PRASM) to be down about 6–8 percent year-over-year in the second quarter. Aside from that, the company indicated it continued to expect its pretax margin excluding special items of 14–16 percent for the same period.

As far as May traffic is concerned, American Airlines Group said its total passenger load factor fell 0.9 percentage points to 81.9 percent compared to the year-ago month.

The airline firm said its total revenue passenger miles (RPMs) advanced 0.5 percent to 19.4 billion in May while total capacity was grew 1.7 percent to 23.7 billion available seat miles (ASMs).

On Thursday, the stock traded 0.86 percent up.