American, US Airways June Passenger Traffic Rises

The parent of American Airlines and US Airways says June passenger traffic rose 1 percent compared to the same month a year ago.

Fort Worth-based American Airlines Group on Wednesday said it expects passenger revenue to rise in its second quarter.

The company expects to post up to $630 million in charges in the second quarter, related to fuel hedging contracts and its merger with US Airways. About $330 million of the charges are related to selling its fuel hedging contracts and about $250 million to $330 million is related to its bankruptcy restructuring and merger.

Passengers flew 19.9 billion miles last month -- but the aircraft were less full. The average flight was 85 percent full in June, compared with 86.9 percent full a year ago.

Copyright AP - Associated Press
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