American Airlines Group Tuesday reported April total revenue passenger miles were a record 18.6 billion, up 3.1% YOY. American Airlines traded up 2.6% pre-bell. The airline said total capacity was 22.6 billion available seat miles, up 0.8% YOY, and total passenger load factor was 82.2%, up 1.8 percentage points YOY.
American Airlines said it expects Q2 2017 total revenue per available seat mile to be up 3.5% to 5.5% YOY. In addition, the company said it expects its Q2 pre-tax margin excluding special items to be between 12% and 14%.
The airline said total revenue per available seat mile has improved from prior guidance by between 3.0% and 5.0%, and pre-tax margin has improved from prior guidance of 11% to 13% due primarily to improving yields and lower estimated fuel prices.