February Winter Storms Hurt American Airlines
FORT WORTH (AP) - American Airlines and US Airways canceled more than 14,000 flights last month -- more than double the rate from a year earlier -- as winter storms disrupted travel.
Fort Worth-based American Airlines Group Inc. said Monday that the cancellations hurt first-quarter profit. It didn't give a figure.
But a key figure of revenue for every seat flown one mile rose between 2 percent and 4 percent in the first quarter. That statistic rises when an airline fills more seats or raises average fares.
American and US Airways canceled about 28,000 flights in the first two months of the year, up 164 percent from the same period in 2013.
Traffic rose 0.5 percent, as passengers flew 15.08 billion miles last month, up from 15.01 billion in February 2013.
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
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