FORT WORTH, Texas, May 11, 2015 /PRNewswire/ -- American Airlines
Group (NASDAQ: AAL) today reported April
2015 and year-to-date traffic results.
American Airlines Group's total revenue passenger miles (RPMs)
for the month were 18.1 billion, down 0.3 percent versus
April 2014. Total capacity was 22.1
billion available seat miles (ASMs), up 1.3 percent versus
April 2014. Total passenger load
factor was 81.6 percent for the month of April, down 1.3 percentage
points versus April 2014.
Based on one month of actual data and two months of forecast,
the Company continues to expect its second quarter 2015
consolidated passenger revenue per available seat mile (PRASM) to
be down approximately 4 to 6 percent. Due to the recent rise in
crude oil prices, the Company is currently forecasting its second
quarter fuel price to be approximately 10
cents higher than its previous guidance. The Company
currently estimates that its second quarter fuel price will be
$1.94 to $1.99 per gallon. As a
result, the Company now expects its second quarter pretax margin
excluding special items to be between 17 and 19 percent.
The following summarizes American Airlines Group traffic results
for the month and year-to-date ended April
30, 2015 and 2014, consisting of mainline-operated flights,
wholly owned regional subsidiaries and operating results from
capacity purchase agreements.
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Combined American
and US Airways Traffic Results
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April
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Year to
Date
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2015
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2014
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Change
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2015
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2014
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Change
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Revenue Passenger
Miles (000)
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Domestic
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10,666,381
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10,513,051
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1.5%
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40,251,836
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40,688,790
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(1.1)%
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Atlantic
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2,195,976
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2,508,200
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(12.4)%
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6,967,852
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7,772,452
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(10.4)%
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Latin
America
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2,440,781
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2,674,269
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(8.7)%
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10,623,103
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11,356,831
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(6.5)%
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Pacific
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769,396
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547,748
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40.5%
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3,078,866
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2,252,841
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36.7%
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International
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5,406,153
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5,730,217
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(5.7)%
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20,669,821
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21,382,124
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(3.3)%
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Mainline
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16,072,534
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16,243,268
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(1.1)%
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60,921,657
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62,070,914
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(1.9)%
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Regional
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1,990,005
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1,871,038
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6.4%
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7,330,649
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6,929,502
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5.8%
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Total Revenue
Passenger Miles
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18,062,539
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18,114,306
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(0.3)%
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68,252,306
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69,000,416
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(1.1)%
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Available Seat
Miles (000)
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Domestic
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12,456,859
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12,164,572
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2.4%
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48,129,283
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48,154,031
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(0.1)%
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Atlantic
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3,025,010
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3,095,623
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(2.3)%
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9,793,352
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10,500,781
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(6.7)%
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Latin
America
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3,228,079
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3,511,747
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(8.1)%
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13,821,090
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14,869,284
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(7.0)%
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Pacific
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972,592
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720,851
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34.9%
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3,792,354
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2,799,717
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35.5%
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International
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7,225,681
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7,328,221
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(1.4)%
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27,406,796
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28,169,782
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(2.7)%
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Mainline
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19,682,540
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19,492,793
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1.0%
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75,536,079
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76,323,813
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(1.0)%
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Regional
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2,447,260
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2,349,512
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4.2%
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9,384,119
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8,910,566
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5.3%
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Total Available
Seat Miles
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22,129,800
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21,842,305
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1.3%
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84,920,198
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85,234,379
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(0.4)%
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Load Factor
(%)
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Domestic
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85.6
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86.4
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(0.8)pts
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83.6
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84.5
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(0.9)pts
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Atlantic
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72.6
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81.0
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(8.4)pts
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71.1
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74.0
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(2.9)pts
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Latin
America
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75.6
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76.2
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(0.6)pts
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76.9
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76.4
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0.5pts
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Pacific
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79.1
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76.0
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3.1pts
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81.2
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80.5
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0.7pts
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International
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74.8
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78.2
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(3.4)pts
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75.4
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75.9
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(0.5)pts
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Mainline
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81.7
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83.3
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(1.6)pts
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80.7
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81.3
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(0.6)pts
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Regional
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81.3
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79.6
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1.7pts
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78.1
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77.8
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0.3pts
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Total Load
Factor
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81.6
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82.9
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(1.3)pts
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80.4
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81.0
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(0.6)pts
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Enplanements
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Mainline
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12,199,423
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12,222,436
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(0.2)%
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46,150,408
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47,065,507
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(1.9)%
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Regional
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4,619,743
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4,382,922
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5.4%
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16,862,506
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16,091,540
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4.8%
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Total
Enplanements
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16,819,166
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16,605,358
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1.3%
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63,012,914
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63,157,047
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(0.2)%
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System Cargo Ton
Miles (000)
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191,953
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196,587
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(2.4)%
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745,337
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756,664
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(1.5)%
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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 regional partners,
operating as American Eagle and US Airways Express, the airlines
operate an average of nearly 6,700 flights per day to nearly 350
destinations in more than 50 countries. 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. This year American topped Fortune
Magazine's list of best business turnarounds and 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
future financial and operating results, statements about the
expected second quarter pre-tax margin, the expected change in
PRASM, 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 the
following: 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 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; costs of ongoing data
security compliance requirements and the impact of any significant
data security breach; 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 on the airline industry; 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;
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 a lawsuit that was
filed in connection with the merger transaction with US Airways
Group, Inc. and remains pending; an inability to use net operating
losses carried forward from prior taxable years (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; the effects of the Company's capital deployment program and
the limitation, suspension or discontinuation of the Company's
share repurchase program or dividend payments thereunder; 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
Restated Certificate of Incorporation and Amended and Restated
Bylaws that limit ownership and voting of its equity interests,
including its common stock; the effect of limitations in the
Company's Restated 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 ended March 31, 2015 (especially in Part II, Item 1A,
Risk Factors and Part I, Item 2, 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 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. 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 other than as required by law.
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SOURCE American Airlines Group