American's international traffic rose 6.2%, outpaced by a 7.2% capacity increase. Domestic traffic decreased 0.7% on 0.5% less capacity. Its shares fell 2.4%.
Air Canada meanwhile reported a system load factor of 78.0% in Jan-2011, an increase of 0.5 ppts year-on-year as system traffic increased 9.1% on a system-wide capacity increase of 8.4%.
President and CEO, Calin Rovinescu, stated, "Led by a 28.8% increase over the Pacific, we generated greater traffic in all markets." He added, "Following on the record load factor we reported for the year 2010, these results highlight Air Canada's ongoing determination to operate the airline in a disciplined and efficient manner with respect to capacity and asset deployment." The airline's B shares added 1.9%.
Selected North American airlines daily share price movements (% change): 04-Feb-2011
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.