American Airlines gains even though people didn't travel as much in January

American Airlines is up 3.02% at $46.42 a share on Thursday morning despite a decline in January travel demand.

The air carrier reported 0.3% decline in January traffic but said it continues to expect first quarter total revenue per available seat mile to be up 2.5 % to 4.5% year-over-year.

American Airlines reported earnings on January 27 which saw a fall in profit from a year earlier, when it recorded a $3 billion tax benefit.

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