American Airlines Group Inc (AAL)

[CRichard]

• Airline fares fell 1.3% M/M in April, according to the Bureau of Labor Statistics.
• Fares were 7.5% lower than a year ago during the month on an unadjusted basis.
• Previously: Airline stocks stung by worries on pricing and capacity (May. 20 2015)
• Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
• Related ETF: JETS

So is the first part saying "There were more total fares" and the second one is that the average ticket price was 7.5% lower? If so, then analysts are right. They're increasing capacity too much.