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December 08, 2014

American says passenger traffic dropped 0.5 percent in November

American Airlines said its passenger traffic in November dropped slightly, down 0.5 percent as the Fort Worth-based carrier increased its capacity 0.9 percent.

Its load factor declined 1.1 percentage points to 77.7 percent when compared to November 2013.

American also advised Wall Street that it expects unit revenues for the fourth quarter to be in the range of down one percent to up one percent.

Cowen and Company analyst Helane Becker told investors she believed unit revenue growth will continue to slow because of declining jet fuel prices.

"We believe the weakness in [unit revenues] is likely related to the company's international network given the domestic market has been quite robust,"  Becker wrote in a research note issued Monday.

-Andrea Ahles

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