American Airlines gains even though people didn't travel as much in January
Advertisement
American Airlines is up 3.02% at $46.42 a share on Thursday morning despite a decline in January travel demand.
Advertisement
The air carrier reported 0.3% decline in January traffic but said it continues to expect first quarter total revenue per available seat mile to be up 2.5 % to 4.5% year-over-year.
American Airlines reported earnings on January 27 which saw a fall in profit from a year earlier, when it recorded a $3 billion tax benefit.
Advertisement
Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!
Advertisement
- 6 reasons why you should visit Ladakh this summer
- TVS iQube gets a new variant priced under ₹1 lakh, ST variant gets a bigger battery
- As English players begin their premature IPL exodus, Gavaskar calls for action against England Cricket Board
- Top 10 destinations for river rafting in India in 2024
- Should you enrol your child in an online university like IGNOU?