NEW YORK (TheStreet) -- Shares of American Airlines (AAL) were down 0.83% to $50.58 in morning trading Monday after the company forecast flat guidance for the key airline metric passenger revenue per available seat mile, or PRASM.
The airline reported its November traffic on Monday and issued guidance for PRASM in the range of down 1% to up 1%. American Airlines also expects fourth-quarter pretax margin excluding special charges in the range of 10% to 12%.
The carrier announced November total revenue passenger miles, or RPMs, fell 0.5% year-over-year despite a 0.9% capacity increase. Domestic RPMs were flat but domestic capacity climbed 0.4%. International RPMs fell 3.1% even though international capacity increased 1.2%.AAL data by YCharts