Total operating expenses were up 11% to $9.0B during the quarter, driven higher by a 38% increase in fuel costs. Q1 cost per available seat mile rose 7.6% to $0.1116.
Domestic passenger revenue per available seat mile was up 3.2% to $0.1263 and yield improved 4.1% to $0.1531.
Looking ahead, American sees passenger revenue per available seat mile growth of 3% to 5%.
Previously: American Airlines beats by $0.05, beats on revenue (April 27)
AAL -3.45% premarket to $44.80.