American Airlines records solid 3Q2014 results, but continues to have capacity pressure in regions
American Airlines is sticking to its overall bullish view on demand going forward, buoyed by strong top-line 3Q2014 results despite its outsized exposure to Venezuela and the run-on effects of capacity cuts it has made on service to the country.
The airline is taking steps to mitigate oversupply in some of its geographic entities. But some of its peers are not following suit, which could create some short term headwinds until a rational supply-demand balance is restored.
American in particular will start to see relief from Venezuela's currency issues in early 2015 after its network adjustments to the country pressured unit revenues in 2H2014.
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