Company Update (NASDAQ:AAL): American Airlines Group Inc Reports Record July Traffic And Capacity

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

American Airlines Group’s total revenue passenger miles (RPMs) for the month were a record 21.8 billion, up 4.8 percent versus July 2014. Total capacity was a record 24.9 billion available seat miles (ASMs), up 2.2 percent versus July 2014. Total passenger load factor was 87.3 percent, up 2.2 percentage points versus July 2014.

The Company continues to expect its third quarter 2015 consolidated passenger revenue per available seat mile (PRASM) to be down approximately six to eight percent year-over-year. In addition, the Company continues to expect its third quarter pretax margin excluding special items to be between 16 and 18 percent.

The following summarizes American Airlines Group traffic results for the month and year-to-date ended July 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 $41.68. 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 $41.02 and its 200-day moving average is $46.12.

On the ratings front, American Airlines has been the subject of a number of recent research reports. In a report issued on July 30, J.P. Morgan analyst Jamie Baker maintained a Buy rating on AAL, with a price target of $72, which implies an upside of 72.7% from current levels. Separately, on July 27, Barclays’ Isaac Husseini reiterated a Buy rating on the stock 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, Jamie Baker and Isaac Husseini have a total average return of -1.9% and -5.3% respectively. Baker has a success rate of 57.6% and is ranked #3060 out of 3729 analysts, while Husseini has a success rate of 50.0% and is ranked #2904.

The street is mostly Neutral on AAL stock. Out of 4 analysts who cover the stock, 3 suggest a Hold rating and one recommends to Buy the stock. The 12-month average price target assigned to the stock is $70.00, which implies an upside of 67.9% from current levels.

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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