American Airlines sees continued strong demand, outpaced by higher fuel prices

    American Airlines Group reported (26-Jul-2018) continued strong demand for air travel drove a 3.7% year-on-year increase in 2Q2018 total revenue to a record USD11.6 billion. Passenger revenue per available seat mile (PRASM) grew in all geographic regions driven in part by a 6.2% increase in the Atlantic region. Cargo revenue was up 19.4% to USD261 million due primarily to a 9.6% increase in volume and an 8.9% increase in cargo yield. Other revenue was up 8.1% to USD708 million due to higher loyalty revenue. TRASM increased by 2.1% year-on-year on a 1.6% increase in total available seat miles. Despite “record revenue”, the improvement was outpaced by “significantly higher” year-on-year fuel prices. [more – original PR]