American Airlines Group Inc. AAL rose 5.66% to $29.19 in morning trading on Thursday after the company announced that it experienced higher passenger traffic in Dec. 2013.
American Airlines Group noted that its total traffic rose 5.7% in December 2013 compared to December 2012. Capacity also rose 1.9% and load factor, the portion of seats filled, increased to 83.8% from 80.8%. The consolidated passenger revenue per available seat mile, or PRASM, also increased approximately 9% vs. the same period last year, which is a good sign for the company as PRASM is a critical measure in the industry.
American Airlines Group formed on Dec. 9, 2013 when AMR Corporation's American Airlines moved out of bankruptcy and merged with US Airways to create the world's largest airline by traffic. The stock is up 9.4% thus far in 2014.
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