American Airlines Q1 2016 results announced

American Airlines first quarter 2016 results show a 4% fall in revenue to $9.4bn, which was negatively impacted by competitive capacity growth, continued macroeconomic softness in Latin America, and foreign currency weakness, the airline said. Consolidated passenger revenue per ASM (PRASM) was 12.43 cents, down 7.5% versus the first quarter 2015. Consolidated passenger yield was 15.62 cents, down 7.1 percent year-over-year. American Airlines Group’s first quarter 2016 pre-tax margin excluding special items was 12.9%, however, a record for the company’s first quarter. Net profit excluding special items was $765 million, or $1.25 per diluted share. This compares to a net