Company Update (NASDAQ:AAL): American Airlines Group Inc Reports Record October Traffic, Capacity And Load Factor

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

American Airlines Group’s total revenue passenger miles (RPMs) were 18.9 billion, up 5.8 percent versus October 2014. Total capacity was 22.2 billion available seat miles (ASMs), up 2.1 percent versus October 2014. Total passenger load factor was 85.2 percent, up 3.0 percentage points versus October 2014. The Company’s traffic, capacity and load factor were all records for the month of October.

The Company continues to expect its fourth quarter 2015 consolidated passenger revenue per available seat mile (PRASM) to be down approximately 5 to 7 percent year-over-year. In addition, the Company continues to expect its fourth quarter pretax margin excluding special items to be between 12 and 14 percent.

The following summarizes American Airlines Group traffic results for the month and year-to-date ended October 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 Group closed yesterday at $44.65. AAL has a 1-year high of $56.20 and a 1-year low of $34.10. The stock’s 50-day moving average is $42.99 and its 200-day moving average is $42.62.

On the ratings front, American Airlines has been the subject of a number of recent research reports. In a report issued on October 13, Evercore ISI analyst Duane Pfennigwerth downgraded AAL to Hold, with a price target of $50, which implies an upside of 12.0% from current levels. Separately, on October 12, Deutsche Bank’s Michael Linenberg reiterated a Buy rating on the stock and has a price target of $52.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Duane Pfennigwerth and Michael Linenberg have a total average return of 0.3% and 26.9% respectively. Pfennigwerth has a success rate of 54.5% and is ranked #2496 out of 3832 analysts, while Linenberg has a success rate of 72.0% and is ranked #23.

Overall, 2 research analysts have assigned a Hold rating and 3 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 $50.67 which is 13.5% 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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