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October PRASM up for American Airlines

Texas-based carrier American Airlines´ parent company AMR Corp (OTC: AAMRQ) has reported October 2013 consolidated revenue and traffic results for its principal subsidiary American Airlines and its wholly owned AMR Eagle Holding Corp subsidiary.

October´s consolidated passenger revenue per available seat mile (PRASM) increased an estimated 6.6% versus the same period last year, the carrier said.

According to American, the result was impacted by the government shutdown, which led to a reduction of approximately USD 20m in revenue and 1.1 percentage points in PRASM.

Separately, the year-over-year PRASM comparison was aided by 2.7 percentage points from reduced revenues in October 2012 associated with operational disruptions that impacted bookings last year.

Consolidated capacity and traffic were 4.3% and 4.4% higher year-over-year, respectively, resulting in a consolidated load factor of 82.4%, 0.1 points above the same period last year.

Domestic traffic was 3.5% higher year-over-year on 3.9% more capacity, resulting in a domestic load factor of 83.6%, 0.3 points lower compared to the same period last year.

International load factor of 82.0% was 0.7 points higher year-over-year, as traffic increased 5.0% on 4.1% more capacity. The Atlantic entity recorded the highest load factor of 86.5%, an increase of 3.7 points versus October 2012.

On a consolidated basis, the company boarded 9.2m passengers in October.

American Airlines serves more than 270 airports in nearly 50 countries and territories. American´s fleet of nearly 900 aircraft fly an average of more than 3,500 daily flights worldwide from hubs in Chicago, Dallas/Fort Worth, Los Angeles, Miami and New York.

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