American 3Q Revenue Per Seat Mile Rises by 10.8%

American Airlines third-quarter revenue per seat mile is likely to see a double-digit increase from a year earlier, as the largest U.S. airline benefits from an apparent rebound in travel spending.

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American's so-called consolidated unit revenue will rise between 9.8% and 10.8%, parent company AMR Corp. (AMR) said in a filing with the Securities and Exchange Commission today. Revenue related to cargo and other services will increase as much as 7.6%.

Carriers worldwide are benefitting from a rebound in travel spending that's been taking place all year. Industry-wide, airline-passenger revenue increased 17% in August from a year earlier, marking the eighth straight month revenue was up year-over-year, the Air Transport Association said yesterday.

American Airlines, which will release third-quarter results in October, earlier this month said passenger traffic in August increased 3.1% from a year earlier, as a 7.1% jump in international demand offset the effect of little-changed domestic traffic.

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