Dallas, Texas 09/20/2013 (Financialstrend) – On September 9, AMR Corporation (OTCMKTS:AAMRQ) announced that it has recorded a big jump in its August passenger unit revenue with over 9.7 million passengers using its airlines. In a press statement, the company has shared that its consolidated PRASM for the month of August was up by 3% compared to same period last year. Its consolidated traffic for the month was up 3.2% and its capacity was up 4.2% in the same period. The company had managed a consolidated load factor of 85%. The company also shared its numbers broken up between its international and domestic operations. Its domestic traffic was up 0.8% over the previous year and had achieved 1.7% more capacity leading to a 86.4% domestic load factor. On its international flights, the company has achieved a 6.7% increase in traffic and 8.1% increase in its load factor.
On the back of these strong August numbers, the company share price has recorded a 23% increase over the last 10 days. As of close of business on September 19, the company shares were trading at $3.95 per share, a 2.86% increase over its previous day close.
AMR is the holding company for two of its subsidiaries American Airlines, Inc. and American Eagle Airlines, Inc . Through these two airlines, the company collectively operates more than 3,500 flights a day connecting over 260 airports across 50 countries. It has over 900 planes in its hangers, which connect its passengers with more than 100 international locations.
With the recent upturn in global passenger air traffic, it has ordered for more than 500 new planes to augment its fleet. It has entered it seat sharing agreements with other global airlines on a reciprocal basis there by facilitating its passengers to reach 840 destinations across 160 countries. The company also leverages social media tools like Facebook and Twitter aggressively to stay connected with its customers.