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American Airlines says January passenger traffic rose 1.6 percent

Star-Telegram

American Airlines said its passenger traffic in January increased 1.6 percent even as the carrier trimmed capacity by 0.3 percent.

The Fort Worth-based carrier said its load factor rose 1.5 percentage points to 79.7 percent compared to January 2015.

American told investors it expects unit revenues to be down about 6 to 8 percent for the first quarter and that pre-tax margins excluding special items will be between 12 to 14 percent.

Shares of American [ticker: AAL] were up 22 cents to $35.77 in early morning trading.

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