), the parent company of American Airlines recently came out with
its revenue and air traffic results for the month of January,
Consolidated revenue passenger miles in the month grew 1.8%
compared with the month a year ago. Domestic revenue from
passenger miles registered a 3.0% increase while internationally
it grew by 0.1%. Available seat miles grew a mere 0.2%, with an
increase in domestic capacity coming in at 0.4% and flat
Load factor on the domestic front was up 2.0%, and on the
international arena it registered a 0.1% growth. On a
consolidated basis, load factor grew 1.3% and stood at 78.9%.
In January 2013, the company boarded 8.6 million passengers on
a consolidated basis which registered an increase of 2.9% over
the year -ago month. Mainline passengers the company boarded were
up 3.1% to 7.0 million while regional passengers the airline
boarded grew 2.4% to 1.6 million.
Of late, the boards of the company and its merger partner
US Airways Group Inc.
) postponed their meeting that was scheduled to discuss on the
final terms of their merger agreement. The merger is expected to
create the biggest airline in terms of passenger traffic in the
The current Zacks Consensus Estimate for 2013 is $2.35,
reflecting annual growth of 705.6%.
AMR Corporation currently bears a Zacks Rank #1 (Strong Buy).
Other stocks to watch out for in the industry are
Deutsche Lufthansa Aktiengesellschaft
Republic Airways Holdings Inc.
), each with a Zacks Rank #1 (Strong Buy).
AMR CORP (AAMRQ): Free Stock Analysis Report
(DLAKY): ETF Research Reports
US AIRWAYS GRP (LCC): Free Stock Analysis
REPUBLIC AIRWAY (RJET): Free Stock Analysis
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