American Airlines revenue drops by 1.2% in Q1

american airlines

American Airlines Group said its total revenue passenger miles (RPMs) were 18.8 billion, down 1.2 percent versus March 2016.

The disclosure was released in its latest traffic update for March and year-to-date 2017 traffic results.

Total capacity was 23.0 billion available seat miles (ASMs), down 0.9 percent versus March 2016. Total passenger load factor was 81.5 percent, down 0.2 percentage points versus March 2016.

The Company expects its first quarter 2017 total revenue per available seat mile (TRASM) to be up approximately 2 percent to 4 percent year-over-year. In addition, the Company expects its first quarter pre-tax margin excluding special items to be between 4 percent and 6 percent. This compares to prior guidance which had TRASM up approximately 1.5 percent to 3.5 percent and pre-tax margin of 3 percent to 5 percent.

The airline said improvements from prior guidance are driven primarily by higher yields.

Total domestic passengers fell to 10,9 million compared to 11,2 million achieved in 2016 for the same quarter.