FORT WORTH, Texas, Oct. 8, 2014 /PRNewswire/ -- American
Airlines Group (NASDAQ: AAL) today reported September 2014 and year-to-date traffic
results.
American Airlines Group's total revenue passenger miles (RPMs)
for the month were 16.9 billion, down 0.2 percent versus
September 2013. Total capacity was
21.1 billion available seat miles (ASMs), up 1.6 percent versus
September 2013. Total passenger load
factor was 80.0 percent for the month of September, down 1.5 points
versus September 2013.
The Company expects its third quarter 2014 consolidated
passenger revenue per available seat mile (PRASM) to be up
approximately 0.5 percent to 1.5 percent versus the same period
last year. In addition, the Company expects its third quarter 2014
pre-tax margin excluding special items to be between 10 percent and
12 percent. For more financial forecasting detail, please refer to
the Company's investor relations update also filed this morning on
SEC Form 8-K.
The following summarizes American Airlines Group traffic results
for the month and year-to-date ended September 30, 2014 and 2013, consisting of
mainline-operated flights, wholly owned regional subsidiaries and
operating results from capacity purchase agreements.
The Company believes it is more meaningful to compare
year-over-year results for American Airlines and US Airways on a
combined basis. Accordingly, the traffic results provided above and
in the enclosed table combine the traffic results for all
periods presented.
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American Airlines
Group Traffic Results
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September
(a)
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Year to Date
(a)
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2014
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2013
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Change
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2014
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2013
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Change
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Revenue Passenger
Miles (000)
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Domestic
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9,528,903
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9,394,611
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1.4
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%
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95,325,506
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93,878,720
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1.5
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%
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Atlantic
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2,813,218
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3,033,102
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(7.2)
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%
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23,060,447
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22,935,431
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0.5
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%
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Latin
America
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2,029,309
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2,101,575
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(3.4)
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%
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24,616,595
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24,302,117
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1.3
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%
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Pacific
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706,069
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661,428
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6.7
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%
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6,126,608
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6,019,786
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1.8
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%
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International
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5,548,596
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5,796,105
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(4.3)
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%
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53,803,650
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53,257,334
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1.0
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%
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Mainline
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15,077,499
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15,190,716
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(0.7)
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%
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149,129,156
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147,136,054
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1.4
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%
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Regional
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1,781,285
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1,702,814
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4.6
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%
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16,600,762
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16,147,574
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2.8
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%
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Total Revenue
Passenger Miles
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16,858,784
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16,893,530
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(0.2)
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%
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165,729,918
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163,283,628
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1.5
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%
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Available Seat
Miles (000)
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Domestic
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11,616,696
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11,503,061
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1.0
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%
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111,075,236
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109,897,374
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1.1
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%
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Atlantic
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3,533,982
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3,462,500
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2.1
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%
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29,340,234
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27,576,969
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6.4
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%
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Latin
America
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2,630,814
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2,657,342
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(1.0)
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%
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31,839,463
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30,121,500
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5.7
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%
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Pacific
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965,933
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851,352
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13.5
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%
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7,426,696
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7,268,530
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2.2
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%
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International
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7,130,729
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6,971,194
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2.3
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%
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68,606,393
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64,966,999
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5.6
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%
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Mainline
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18,747,425
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18,474,255
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1.5
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%
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179,681,629
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174,864,373
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2.8
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%
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Regional
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2,319,530
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2,265,565
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2.4
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%
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20,921,700
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21,092,682
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(0.8)
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%
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Total Available
Seat Miles
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21,066,955
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20,739,820
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1.6
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%
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200,603,329
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195,957,055
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2.4
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%
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Load Factor
(%)
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Domestic
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82.0
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81.7
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0.3
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pts
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85.8
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85.4
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0.4
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pts
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Atlantic
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79.6
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87.6
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(8.0)
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pts
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78.6
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83.2
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(4.6)
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pts
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Latin
America
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77.1
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79.1
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(2.0)
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pts
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77.3
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80.7
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(3.4)
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pts
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Pacific
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73.1
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77.7
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(4.6)
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pts
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82.5
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82.8
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(0.3)
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pts
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International
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77.8
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83.1
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(5.3)
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pts
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78.4
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82.0
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(3.6)
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pts
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Mainline
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80.4
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82.2
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(1.8)
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pts
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83.0
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84.1
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(1.1)
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pts
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Regional
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76.8
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75.2
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1.6
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pts
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79.3
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76.6
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2.7
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pts
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Total Load
Factor
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80.0
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81.5
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(1.5)
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pts
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82.6
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83.3
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(0.7)
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pts
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Enplanements
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Mainline
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11,047,889
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10,940,400
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1.0
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%
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110,269,676
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108,508,943
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1.6
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%
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Regional
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4,192,973
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3,983,108
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5.3
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%
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38,744,884
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37,521,545
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3.3
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%
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Total
Enplanements
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15,240,862
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14,923,508
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2.1
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%
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149,014,560
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146,030,488
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2.0
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%
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System Cargo Ton
Miles (000)
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182,593
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178,596
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2.2
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%
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1,721,282
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1,600,657
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7.5
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%
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(a)
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Represents the
combined traffic results of American and US Airways.
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Notes:
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1)
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Canada, Puerto
Rico and U.S. Virgin Islands are included in the domestic
results.
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2)
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Latin America
numbers include the Caribbean.
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3)
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Regional includes
wholly owned subsidiaries and operating results from capacity
purchase carriers.
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About American Airlines Group
American Airlines Group (NASDAQ: AAL) is the holding company for
American Airlines and US Airways. Together with wholly owned and
third-party regional carriers operating as American Eagle and US
Airways Express, the airlines operate an average of nearly 6,700
flights per day to 339 destinations in 54 countries from its hubs
in Charlotte, Chicago, Dallas/Fort
Worth, Los Angeles,
Miami, New York, Philadelphia, Phoenix and Washington, D.C. The American Airlines
AAdvantage and US Airways Dividend Miles programs allow members to
earn miles for travel, vacation packages, car rentals, hotel stays
and everyday purchases. Members of both programs can redeem miles
for tickets as well as upgrades to First Class and Business Class.
In addition, AAdvantage members can redeem miles for vacation
packages, car rentals, hotel stays and retail products. American is
a founding member of the oneworld alliance, whose members
and members-elect serve nearly 1,000 destinations with 14,250 daily
flights to 150 countries. Connect with American on Twitter
@AmericanAir and at Facebook.com/AmericanAirlines and follow US
Airways on Twitter @USAirways.
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, the expected change in
PRASM, and other statements that are not historical facts. These
forward-looking statements are based on the current objectives,
beliefs and expectations of the Company, 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.
The following factors, among others, could cause actual results and
financial position and timing of certain events to differ
materially from those described in the forward-looking statements:
significant operating losses in the future; downturns in economic
conditions that adversely affect the Company's business; the impact
of continued periods of high volatility in fuel costs, increased
fuel prices and significant disruptions in the supply of aircraft
fuel; competitive practices in the industry, including the impact
of low cost carriers, airline alliances and industry consolidation;
the challenges and costs of integrating operations and realizing
anticipated synergies and other benefits of the merger transaction
with US Airways Group, Inc.; the Company's substantial indebtedness
and other obligations and the effect they could have on the
Company's business and liquidity; an inability to obtain sufficient
financing or other capital to operate successfully and in
accordance with the Company's current business plan; increased
costs of financing, a reduction in the availability of financing
and fluctuations in interest rates; the effect the Company's high
level of fixed obligations may have on its ability to fund general
corporate requirements, obtain additional financing and respond to
competitive developments and adverse economic and industry
conditions; the Company's significant pension and other
post-employment benefit funding obligations; the impact of any
failure to comply with the covenants contained in financing
arrangements; provisions in credit card processing and other
commercial agreements that may materially reduce the Company's
liquidity; the limitations of the Company's historical consolidated
financial information, which is not directly comparable to its
financial information for prior or future periods; the impact of
union disputes, employee strikes and other labor-related
disruptions; any inability to maintain labor costs at competitive
levels; interruptions or disruptions in service at one or more of
the Company's hub airports; any inability to obtain and maintain
adequate facilities, infrastructure and slots to operate the
Company's flight schedule and expand or change its route network;
the Company's reliance on third-party regional operators or
third-party service providers that have the ability to affect the
Company's revenue and the public's perception about its services;
any inability to effectively manage the costs, rights and
functionality of third-party distribution channels on which the
Company relies; extensive government regulation, which may result
in increases in the Company's costs, disruptions to the Company's
operations, limits on the Company's operating flexibility,
reductions in the demand for air travel, and competitive
disadvantages; the impact of the heavy taxation to which the
airline industry is subject; changes to the Company's business
model that may not successfully increase revenues and may cause
operational difficulties or decreased demand; the loss of key
personnel or inability to attract and retain additional qualified
personnel; the impact of conflicts overseas, terrorist attacks and
ongoing security concerns; the global scope of the Company's
business and any associated economic and political instability or
adverse effects of events, circumstances or government actions
beyond its control, including the impact of foreign currency
exchange rate fluctuations and limitations on the repatriation of
cash held in foreign countries; the impact of environmental
regulation; the Company's reliance on technology and automated
systems and the impact of any failure of these technologies or
systems; challenges in integrating the Company's computer,
communications and other technology systems; costs of ongoing data
security compliance requirements and the impact of any significant
data security breach; losses and adverse publicity stemming from
any accident involving any of the Company's aircraft or the
aircraft of its regional or codeshare operators; delays in
scheduled aircraft deliveries, or other loss of anticipated fleet
capacity, and failure of new aircraft to perform as expected; the
Company's dependence on a limited number of suppliers for aircraft,
aircraft engines and parts; the impact of changing economic and
other conditions beyond the Company's control, including global
events that affect travel behavior such as an outbreak of a
contagious disease, and volatility and fluctuations in the
Company's results of operations due to seasonality; the effect of a
higher than normal number of pilot retirements and a potential
shortage of pilots; the impact of possible future increases in
insurance costs or reductions in available insurance coverage; the
effect of several lawsuits that were filed in connection with the
merger transaction with US Airways Group, Inc. and remain pending;
an inability to use NOL carryforwards; any impairment in the amount
of goodwill the Company recorded as a result of the application of
the acquisition method of accounting and an inability to realize
the full value of the Company's and American Airlines' respective
intangible or long-lived assets and any material impairment charges
that would be recorded as a result; price volatility of the
Company's common stock; delay or prevention of stockholders'
ability to change the composition of the Company's board of
directors and the effect this may have on takeover attempts that
some of the Company's stockholders might consider beneficial; the
effect of provisions of the Company's Certificate of Incorporation
and Bylaws that limit ownership and voting of its equity interests,
including its common stock; the effect of limitations in the
Company's Certificate of Incorporation on acquisitions and
dispositions of its common stock designed to protect its NOL
carryforwards and certain other tax attributes, which may limit the
liquidity of its common stock; and other economic, business,
competitive, and/or regulatory factors affecting the Company's
business, including those set forth in the Company's quarterly
report on Form 10-Q for the period ending June 30, 2014 (especially in the "Risk Factors"
and "Management's Discussion and Analysis of Financial Condition
and Results of Operations" sections) and other risks and
uncertainties listed from time to time in the Company's filings
with the SEC. Any forward-looking statements speak only as of the
date hereof or as of the dates indicated in the statements. 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 except as required by law.
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SOURCE American Airlines Group