Sky Talk

American Airlines says January passenger traffic rose 1.6 percent


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.