American Airlines Group Reports Record July Traffic Results
FORT WORTH, Texas, Aug.09, 2017(GLOBE NEWSWIRE) -- American Airlines Group (NASDAQ:AAL) today reported July and year-to-date 2017 traffic results.
American Airlines Group's total revenue passenger miles (RPMs) were a record 21.9 billion, up 0.8 percent versus July 2016. Total capacity was 26.0 billion available seat miles (ASMs), up 1.9 percent versus July 2016. Total passenger load factor was 84.3 percent, down 0.9 percentage points versus July 2016.
The company continues to expect its third quarter 2017 total revenue per available seat mile (TRASM) to be up approximately 0.5 percent to 2.5 percent year-over-year. In addition, the company also continues to expect its third quarter pre-tax margin excluding special items1 to be between 10 percent and 12 percent.
The following summarizes American Airlines Group traffic results for the month ended July 31, 2017, and 2016, consisting of mainline-operated flights, wholly owned regional subsidiaries and operating results from capacity purchase agreements.
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1 American is unable to reconcile certain forward-looking projections to GAAP as the nature or amount of special items cannot be determined at this time
| American Airlines Group Traffic Results | ||||||||||||||||||||||||||||
| July | Year to Date | |||||||||||||||||||||||||||
| 2017 | 2016 | Change | 2017 | 2016 | Change | |||||||||||||||||||||||
| Revenue Passenger Miles (000) | ||||||||||||||||||||||||||||
| Domestic | 11,942,949 | 12,205,646 | (2.2 | ) | % | 74,252,476 | 76,013,666 | (2.3 | ) | % | ||||||||||||||||||
| Atlantic | 3,360,667 | 3,177,440 | 5.8 | % | 16,709,311 | 15,857,451 | 5.4 | % | ||||||||||||||||||||
| Latin America | 2,952,760 | 2,841,796 | 3.9 | % | 18,035,034 | 18,317,507 | (1.5 | ) | % | |||||||||||||||||||
| Pacific | 1,374,463 | 1,209,681 | 13.6 | % | 9,021,853 | 7,393,165 | 22.0 | % | ||||||||||||||||||||
| International | 7,687,890 | 7,228,917 | 6.3 | % | 43,766,198 | 41,568,123 | 5.3 | % | ||||||||||||||||||||
| Mainline | 19,630,839 | 19,434,563 | 1.0 | % | 118,018,674 | 117,581,790 | 0.4 | % | ||||||||||||||||||||
| Regional | 2,264,030 | 2,276,885 | (0.6 | ) | % | 14,423,828 | 14,236,057 | 1.3 | % | |||||||||||||||||||
| Total Revenue Passenger Miles | 21,894,869 | 21,711,448 | 0.8 | % | 132,442,502 | 131,817,847 | 0.5 | % | ||||||||||||||||||||
| Available Seat Miles (000) | ||||||||||||||||||||||||||||
| Domestic | 13,793,035 | 13,962,902 | (1.2 | ) | % | 87,689,657 | 89,206,840 | (1.7 | ) | % | ||||||||||||||||||
| Atlantic | 4,139,791 | 3,956,752 | 4.6 | % | 21,481,828 | 21,526,911 | (0.2 | ) | % | |||||||||||||||||||
| Latin America | 3,480,976 | 3,380,852 | 3.0 | % | 22,994,639 | 23,330,138 | (1.4 | ) | % | |||||||||||||||||||
| Pacific | 1,638,692 | 1,399,944 | 17.1 | % | 10,969,740 | 8,870,779 | 23.7 | % | ||||||||||||||||||||
| International | 9,259,459 | 8,737,548 | 6.0 | % | 55,446,207 | 53,727,828 | 3.2 | % | ||||||||||||||||||||
| Mainline | 23,052,494 | 22,700,450 | 1.6 | % | 143,135,864 | 142,934,668 | 0.1 | % | ||||||||||||||||||||
| Regional | 2,917,610 | 2,796,000 | 4.3 | % | 18,917,952 | 18,376,768 | 2.9 | % | ||||||||||||||||||||
| Total Available Seat Miles | 25,970,104 | 25,496,450 | 1.9 | % | 162,053,816 | 161,311,436 | 0.5 | % | ||||||||||||||||||||
| Load Factor (%) | ||||||||||||||||||||||||||||
| Domestic | 86.6 | 87.4 | (0.8 | ) | pts | 84.7 | 85.2 | (0.5 | ) | pts | ||||||||||||||||||
| Atlantic | 81.2 | 80.3 | 0.9 | pts | 77.8 | 73.7 | 4.1 | pts | ||||||||||||||||||||
| Latin America | 84.8 | 84.1 | 0.7 | pts | 78.4 | 78.5 | (0.1 | ) | pts | |||||||||||||||||||
| Pacific | 83.9 | 86.4 | (2.5 | ) | pts | 82.2 | 83.3 | (1.1 | ) | pts | ||||||||||||||||||
| International | 83.0 | 82.7 | 0.3 | pts | 78.9 | 77.4 | 1.5 | pts | ||||||||||||||||||||
| Mainline | 85.2 | 85.6 | (0.4 | ) | pts | 82.5 | 82.3 | 0.2 | pts | |||||||||||||||||||
| Regional | 77.6 | 81.4 | (3.8 | ) | pts | 76.2 | 77.5 | (1.3 | ) | pts | ||||||||||||||||||
| Total Load Factor | 84.3 | 85.2 | (0.9 | ) | pts | 81.7 | 81.7 | - | pts | |||||||||||||||||||
| Enplanements | ||||||||||||||||||||||||||||
| Mainline | 13,448,914 | 13,598,779 | (1.1 | ) | % | 84,970,834 | 85,844,714 | (1.0 | ) | % | ||||||||||||||||||
| Regional | 4,860,711 | 4,999,030 | (2.8 | ) | % | 31,514,762 | 31,618,817 | (0.3 | ) | % | ||||||||||||||||||
| Total Enplanements | 18,309,625 | 18,597,809 | (1.5 | ) | % | 116,485,596 | 117,463,531 | (0.8 | ) | % | ||||||||||||||||||
| System Cargo Ton Miles (000) | 245,508 | 201,356 | 21.9 | % | 1,566,049 | 1,354,320 | 15.6 | % | ||||||||||||||||||||
| Notes: | ||||||||||||||||||||||||||||
| 1 | ) | Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic results. | ||||||||||||||||||||||||||
| 2 | ) | Latin America numbers include the Caribbean. | ||||||||||||||||||||||||||
| 3 | ) | Regional includes wholly owned subsidiaries and operating results from capacity purchase carriers. | ||||||||||||||||||||||||||
About American Airlines Group
American Airlines and American Eagle offer an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries. American has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. American is a founding member of the oneworld (R) alliance, whose members serve more than 1,000 destinations with about 14,250 daily flights to over 150 countries. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL. In 2015, its stock joined the S&P 500 index. Connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines.
Cautionary Statement Regarding Forward-Looking Statements and Information
This document includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words. Such statements include, but are not limited to, statements about the expected third quarter pre-tax margin, statements about the expected change in total revenue per available seat mile, statements about the Company's plans, objectives, estimates, expectations and intentions, and other statements that are not historical facts. These forward-looking statements are based on the Company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth in the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2017 (especially in Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations, and Part II, Item 1A. Risk Factors) and in the Company's other filings with the Securities and Exchange Commission (the SEC), and other risks and uncertainties listed from time to time in the Company's other filings with the SEC. There may be other factors of which the Company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The Company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statements.
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