Insiders Observations 02-10

American Airline’s fourth quarter earnings call included an assessment of corporate travel:
American Airline’s fourth quarter earnings call included an assessment of corporate travel: “We’re seeing signs that business travelers are getting back out on the road. In the last two months of the quarter, corporate passengers were up versus the prior year, the only instances of year-over-year improvement during 2009. ... Corporate traffic continues to slowly climb back and if it continues, that’s an important trend for revenues this year ... Looking forward, our advance bookings are up modestly versus last year, with domestic down about two points and international up nearly five points. Importantly, we’re seeing a return in international premium travel, albeit at lower yields than we saw pre-2009.”
— Tom Horton
CFO
American Airlines

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