American Airlines said Thursday that its revenue per capacity fell between 16 and 17 percent in the second quarter compared with a year earlier.
The decline was slightly larger, between 16.2 and 17.2 percent, when including regional operations of parent AMR Corp., the company said in a regulatory filing.
The decline in revenue per available seat mile underscored the difficulty airlines are facing. Traffic is falling, and air fares are at relatively low levels historically.
Fort Worth-based AMR said it expected to end the second quarter on June 30 with more than $2.8 billion in unrestricted cash and short-term investments. That cash cushion is virtually unchanged from the end of the first quarter.
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The decline was slightly larger, between 16.2 and 17.2 percent, when including regional operations of parent AMR Corp., the company said in a regulatory filing.
The decline in revenue per available seat mile underscored the difficulty airlines are facing. Traffic is falling, and air fares are at relatively low levels historically.
Fort Worth-based AMR said it expected to end the second quarter on June 30 with more than $2.8 billion in unrestricted cash and short-term investments. That cash cushion is virtually unchanged from the end of the first quarter.
full article here