FORT WORTH, Texas, Jan. 12, 2015 /PRNewswire/ -- American
Airlines Group (NASDAQ: AAL) today reported December and full year
2014 traffic results.
American Airlines Group's total revenue passenger miles (RPMs)
for the month were 18.1 billion, down 0.4 percent versus
December 2013. Total capacity was
22.5 billion available seat miles (ASMs), up 3.7 percent versus
December 2013. Total passenger load
factor was 80.4 percent for the month of December, down 3.4
percentage points versus December
2013.
The Company expects its fourth quarter 2014 consolidated
passenger revenue per available seat mile (PRASM) to be
approximately flat to down two percent. In addition, the Company
expects its fourth quarter pretax margin excluding special charges
to be approximately 10 percent to 11 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 full year ended December
31, 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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December
(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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10,572,828
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10,516,987
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0.5
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%
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125,916,494
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124,276,104
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1.3
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%
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Atlantic
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1,957,384
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2,114,324
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(7.4)
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%
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29,305,656
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29,684,775
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(1.3)
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%
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Latin
America
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2,904,151
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3,096,435
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(6.2)
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%
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32,093,575
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32,181,556
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(0.3)
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%
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Pacific
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757,740
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609,028
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24.4
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%
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8,335,040
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7,882,915
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5.7
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%
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International
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5,619,275
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5,819,787
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(3.4)
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%
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69,734,271
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69,749,246
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-
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%
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Mainline
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16,192,103
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16,336,774
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(0.9)
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%
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195,650,765
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194,025,350
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0.8
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%
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Regional
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1,877,673
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1,810,219
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3.7
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%
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22,218,836
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21,514,230
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3.3
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%
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Total Revenue
Passenger Miles
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18,069,776
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18,146,993
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(0.4)
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%
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217,869,601
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215,539,580
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1.1
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%
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Available Seat
Miles (000)
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Domestic
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12,814,619
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12,247,423
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4.6
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%
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148,082,866
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146,224,192
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1.3
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%
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Atlantic
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2,527,195
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2,601,598
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(2.9)
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%
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37,573,447
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35,966,847
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4.5
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%
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Latin
America
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3,760,136
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3,833,084
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(1.9)
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%
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41,580,818
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40,081,311
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3.7
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%
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Pacific
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924,752
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704,778
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31.2
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%
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10,284,844
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9,600,509
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7.1
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%
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International
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7,212,083
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7,139,460
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1.0
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%
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89,439,109
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85,648,667
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4.4
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%
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Mainline
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20,026,702
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19,386,883
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3.3
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%
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237,521,975
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231,872,859
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2.4
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%
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Regional
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2,438,002
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2,279,219
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7.0
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%
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28,134,563
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28,040,874
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0.3
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%
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Total Available
Seat Miles
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22,464,704
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21,666,102
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3.7
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%
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265,656,538
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259,913,733
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2.2
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%
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Load Factor
(%)
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Domestic
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82.5
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85.9
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(3.4)
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pts
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85.0
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85.0
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-
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pts
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Atlantic
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77.5
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81.3
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(3.8)
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pts
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78.0
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82.5
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(4.5)
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pts
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Latin
America
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77.2
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80.8
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(3.6)
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pts
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77.2
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80.3
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(3.1)
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pts
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Pacific
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81.9
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86.4
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(4.5)
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pts
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81.0
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82.1
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(1.1)
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pts
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International
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77.9
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81.5
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(3.6)
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pts
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78.0
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81.4
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(3.4)
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pts
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Mainline
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80.9
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84.3
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(3.4)
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pts
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82.4
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83.7
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(1.3)
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pts
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Regional
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77.0
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79.4
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(2.4)
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pts
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79.0
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76.7
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2.3
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pts
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Total Load
Factor
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80.4
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83.8
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(3.4)
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pts
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82.0
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82.9
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(0.9)
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pts
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Enplanements
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Mainline
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12,165,444
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12,145,402
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0.2
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%
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145,574,439
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143,747,154
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1.3
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%
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Regional
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4,320,480
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4,163,080
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3.8
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%
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51,766,362
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49,992,258
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3.5
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%
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Total
Enplanements
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16,485,924
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16,308,482
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1.1
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%
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197,340,801
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193,739,412
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1.9
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%
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System Cargo Ton
Miles (000)
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197,387
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191,357
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3.2
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%
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2,332,508
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2,198,178
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6.1
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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 fourth 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 September 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