American Airlines falls on Jan-2011 traffic, Air Canada gains
American Airlines reported that January traffic increased 2.0% year-on-year, while capacity increased 2.5%, resulting in a 0.4 ppts reduction in passenger load factor to 75.8%.
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