During Friday’s current trade, American Airlines Group Inc. (NASDAQ:AAL)’s shares gained 1.30%, and is now trading at $48.46, after American Airlines stated March 2015 and year-to-date traffic results.
American Airlines Group’s total proceed passenger miles (RPMs) for the month were 18.4 billion, down 0.6 percent as compared to March 2014. Total capacity was 22.4 billion accessible seat miles (ASMs), down 0.9 percent as compared to March 2014. Total passenger load factor was 82.1 percent for the month of March, up 0.3 percentage points as compared to March 2014.
The Company anticipates its first quarter 2015 merged passenger proceed per accessible seat mile (PRASM) to be down about one to three percent. The recent strengthening of the dollar resulted in higher than anticipated foreign exchange losses. As a result, the Company now anticipates its first quarter pretax margin not including special charges to be about 12 to 13 percent, down from its previous guidance of 12 to 14 percent. For more financial forecasting detail, please refer to the Company’s investor relations update also filed this morning on SEC Form 8-K.
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers. It serves 339 destinations in 54 countries.
During an early morning trade, Delta Air Lines, Inc. (NYSE:DAL)’s shares gained 0.12%, and is now trading at $43.19, as The National Mediation Board recently dismissed the International Association of Machinists application for an election among Delta (DAL) flight attendants, following the IAM’s notice of withdrawal. In a letter accompanying the dismissal, the NMB states that it “has reason to believe that some unknown person or persons knowingly presented authorization cards with fraudulent signatures in a possible violation of federal law.” It also states that it “has decided to refer the matter to the appropriate office of the United States Department of Justice for further review.”
Unions seeking to represent airline employees are required to submit valid authorization cards to the NMB from at least 50 percent of all eligible voters in order for an election to be held.
Effective recently, under the NMB’s rules, no union can file an application to represent Delta flight attendants for one year.
Delta Air Lines, Inc. provides planned air transportation for passengers and cargo worldwide. The company operates in two segments, Airline and Refinery. Its route network comprises various gateway airports in Amsterdam, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle, and Tokyo-Narita.
Finally, United Continental Holdings, Inc. (NYSE:UAL), gained 0.33% Friday, after United Continental stated March 2015 operational results.
UAL’s March 2015 merged traffic (proceed passenger miles) reduced 0.7 percent and merged capacity (accessible seat miles) reduced 0.6 percent as compared to March 2014. UAL’s March 2015 merged load factor reduced 0.1 points contrast to March 2014.
United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America.
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