American Airlines reports June results

American Airlines has reported that its June total revenue  passenger miles (RPMs) was up 1% year-over-year at $19.9 billion. Total capacity was up 3.2%, but total passenger load factor fell 1.9% compared with June 2013. Analysts revised their forecasts for AA after the announcement, with AAL Group now guiding to a 12-13% 2Q pretax margin, up from an initial 10-12% guide and 11.7% implied by the $1.80 consensus. Analysts also expect 3Q consolidated RASM to slow from 2Q’s 6% pace to just 4%, followed by a further slide to 2% in 4Q. American Airlines’ CEO Doug Parker stated that demand