Company Update (NASDAQ:AAL): American Airlines Group Inc Reports March Traffic Results

American Airlines Group Inc (NASDAQ:AAL) reported March 2015 and year-to-date traffic results.

American Airlines Group’s total revenue passenger miles (RPMs) for the month were 18.4 billion, down 0.6 percent versus March 2014. Total capacity was 22.4 billion available seat miles (ASMs), down 0.9 percent versusMarch 2014. Total passenger load factor was 82.1 percent for the month of March, up 0.3 percentage points versus March 2014.

The Company expects its first quarter 2015 consolidated passenger revenue per available seat mile (PRASM) to be down approximately one to three percent. The recent strengthening of the dollar resulted in higher than anticipated foreign exchange losses. As a result, the Company now expects its first quarter pretax margin excluding special charges to be approximately 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.

The following summarizes American Airlines Group traffic results for the month and year-to-date ended March 31, 2015 and 2014, consisting of mainline-operated flights, wholly owned regional subsidiaries and operating results from capacity purchase agreements. (Original Source)

Shares of American Airlines closed yesterday at $47.84. AAL has a 1-year high of $56.20 and a 1-year low of $28.10. The stock’s 50-day moving average is $50.41 and its 200-day moving average is $46.26.

On the ratings front, American Airlines has been the subject of a number of recent research reports. In a report issued on April 1, Deutsche Bank analyst Michael Linenberg downgraded AAL to Hold with a price target of $58, which represents a potential upside of 21.2% from where the stock is currently trading. Separately, on February 24, Cowen’s Helane Becker downgraded the stock to Hold and has a price target of $55.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Michael Linenberg and Helane Becker have a total average return of 28.2% and 33.7% respectively. Linenberg has a success rate of 68.1% and is ranked #74 out of 3571 analysts, while Becker has a success rate of 81.1% and is ranked #14.

In total, 3 research analysts have assigned a Hold rating and 6 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $47.84, which is 38.9% above where the stock closed yesterday.

American Airlines Group Inc, through its subsidiaries, operates in the airline industry. The Company has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York City, Philadelphia, Phoenix and Washington, D.C.

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