American Airlines Traffic Falls in August
AP | Sep. 07, 2011
Traffic on American Airlines fell in August, as an uptick in international travel failed to offset a slump in U.S. flying.
American said Tuesday that paying passengers flew 11.46 billion miles last month, down 0.4% from 11.51 billion miles in August 2010.
Domestic travel, which accounts for nearly three-fourths of the company's operations, dropped 2.6%, while international traffic rose 3%, mostly because of strong trans-Pacific travel.
American reduced passenger capacity by 1.2%, to 13.45 billion available seat miles, which is one seat flown one mile. Airlines often reduce capacity by cutting flights.
With capacity falling faster than traffic, the average plane was slightly more full. Occupancy averaged 85.3%, up from 84.6% a year earlier.
Unlike Delta and US Airways, American did not disclose Tuesday how much it lost from last month's Hurricane Irene that caused the cancellation of thousands of flights on the East Coast.
Delta said it lost US$15 million from the storm, and US Airways estimated its losses between US$8 million and US$10 million.
On American, traffic for the first eight months of the year was running 1.4% higher than the same period last year. Capacity was up 1.7%, and average occupancy fell to 82% from 82.2% last year.
Shares of parent AMR Corp. fell 10 cents, or 2.9%, to close at US$3.32.