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24-Oct-2014 4:19 PM

American Airlines Group expects pre-tax margin of 10.0% to 12.0% in 4Q2014

American Airlines Group stated (23-Oct-2014) it expects its 4Q2014 pre-tax margin to be 10.0% to 12.0% in 4Q2014, with a total system capacity increase of 2.2% year-over-year. Full year mainline capacity is also expected to be up approximately 2.4% year-over-year, of which international capacity is expected to be up 5% and domestic capacity is expected to be up 1% year-over-year in 4Q2014. As of 30-Sep-2014, American Airlines Group had USD8.8 billion in total cash and short-term investments, of which USD875 million was restricted. The carrier also had an undrawn revolving credit facility of USD1.0 billion. American Airlines Group expects to pay an average of between USD2.56 and USD2.61 per gallon of mainline jet fuel in 4Q2014. [more - original PR]

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