American Airlines Group Reports February Traffic and Record Operational Performance
March 09 2017 - 8:00AM
American Airlines Group (NASDAQ:AAL) today reported February and
year-to-date 2017 traffic results.
American Airlines Group’s total revenue passenger miles (RPMs)
were 15.2 billion, down 3.3 percent versus February 2016. Total
capacity was 19.6 billion available seat miles (ASMs), down 3.7
percent versus February 2016. Total passenger load factor was 77.3
percent, up 0.3 percentage points versus February 2016.
In February, the Company’s 120,000 team members set several
operational records, including a systemwide mainline on-time
departure rate of 74.8 percent, which was the best for any month
since the Company’s 2013 merger. In addition, the Company also set
February records for on-time arrivals of 85.2 percent and
completion factor of 98.8 percent as preliminarily reported to the
Department of Transportation.
The Company expects its first quarter 2017 total revenue per
available seat mile (TRASM) to be up approximately 1.5 percent to
3.5 percent year-over-year vs. its previous guidance of up 2.5
percent to 4.5 percent. This decrease is due primarily to the
Company’s year-to-date systemwide mainline completion factor of
98.9 percent vs. 97.7 percent in the same period last year. The
higher completion factor is positive for customer service and
profitability, but the additional ASMs generally reduce TRASM
results. The Company continues to expect its first quarter pre-tax
margin excluding special items1 to be between 3 percent and 5
percent.
The following summarizes American Airlines Group traffic results
for the month ended February 28, 2017, and February 29, 2016,
consisting of mainline-operated flights, wholly owned regional
subsidiaries and operating results from capacity purchase
agreements.
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
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American Airlines Group Traffic Results |
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February |
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Year to Date |
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2017 |
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2016 |
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Change |
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2017 |
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2016 |
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Change |
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Revenue Passenger Miles (000) |
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Domestic |
8,873,835 |
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9,356,535 |
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(5.2 |
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% |
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18,534,483 |
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19,181,819 |
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(3.4 |
) |
% |
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Atlantic |
1,154,126 |
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1,219,709 |
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(5.4 |
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% |
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2,704,814 |
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2,844,197 |
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(4.9 |
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% |
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Latin
America |
2,254,265 |
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2,453,589 |
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(8.1 |
) |
% |
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4,915,774 |
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5,349,268 |
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(8.1 |
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% |
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Pacific |
1,099,018 |
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923,700 |
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19.0 |
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% |
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2,383,433 |
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1,910,441 |
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24.8 |
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% |
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International |
4,507,409 |
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4,596,998 |
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(1.9 |
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% |
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10,004,021 |
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10,103,906 |
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(1.0 |
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% |
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Mainline |
13,381,244 |
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13,953,533 |
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(4.1 |
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% |
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28,538,504 |
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29,285,725 |
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(2.6 |
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% |
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Regional |
1,778,491 |
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1,725,496 |
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3.1 |
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% |
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3,657,628 |
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3,475,354 |
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5.2 |
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% |
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Total Revenue
Passenger Miles |
15,159,735 |
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15,679,029 |
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(3.3 |
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% |
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32,196,132 |
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32,761,079 |
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(1.7 |
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% |
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Available Seat Miles (000) |
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Domestic |
10,927,299 |
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11,502,210 |
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(5.0 |
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% |
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22,966,832 |
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23,444,128 |
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(2.0 |
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% |
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Atlantic |
1,840,119 |
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2,050,648 |
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(10.3 |
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% |
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3,960,386 |
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4,257,329 |
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(7.0 |
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% |
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Latin
America |
3,002,073 |
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3,314,491 |
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(9.4 |
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% |
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6,347,434 |
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6,965,148 |
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(8.9 |
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% |
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Pacific |
1,420,951 |
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1,157,524 |
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22.8 |
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% |
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2,965,542 |
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2,353,687 |
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26.0 |
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% |
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International |
6,263,143 |
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6,522,663 |
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(4.0 |
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% |
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13,273,362 |
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13,576,164 |
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(2.2 |
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% |
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Mainline |
17,190,442 |
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18,024,873 |
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(4.6 |
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% |
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36,240,194 |
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37,020,292 |
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(2.1 |
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% |
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Regional |
2,422,513 |
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2,350,197 |
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3.1 |
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% |
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5,053,720 |
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4,782,491 |
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5.7 |
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% |
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Total Available
Seat Miles |
19,612,955 |
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20,375,070 |
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(3.7 |
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% |
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41,293,914 |
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41,802,783 |
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(1.2 |
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% |
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Load Factor (%) |
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Domestic |
81.2 |
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81.3 |
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(0.1 |
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pts |
80.7 |
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81.8 |
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(1.1 |
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pts |
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Atlantic |
62.7 |
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59.5 |
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3.2 |
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pts |
68.3 |
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66.8 |
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1.5 |
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pts |
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Latin
America |
75.1 |
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74.0 |
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1.1 |
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pts |
77.4 |
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76.8 |
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0.6 |
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pts |
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Pacific |
77.3 |
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79.8 |
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(2.5 |
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pts |
80.4 |
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81.2 |
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(0.8 |
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pts |
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International |
72.0 |
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70.5 |
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1.5 |
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pts |
75.4 |
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74.4 |
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1.0 |
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pts |
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Mainline |
77.8 |
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77.4 |
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0.4 |
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pts |
78.7 |
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79.1 |
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(0.4 |
) |
pts |
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Regional |
73.4 |
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73.4 |
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- |
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pts |
72.4 |
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72.7 |
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(0.3 |
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pts |
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Total Load
Factor |
77.3 |
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77.0 |
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0.3 |
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pts |
78.0 |
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78.4 |
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(0.4 |
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pts |
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Enplanements |
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Mainline |
10,167,980 |
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10,582,081 |
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(3.9 |
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% |
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21,221,471 |
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21,889,604 |
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(3.1 |
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% |
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Regional |
3,903,115 |
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3,856,992 |
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1.2 |
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% |
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7,978,794 |
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7,781,571 |
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2.5 |
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% |
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Total
Enplanements |
14,071,095 |
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14,439,073 |
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(2.5 |
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% |
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29,200,265 |
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29,671,175 |
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(1.6 |
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% |
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System Cargo Ton Miles (000) |
191,367 |
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174,418 |
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9.7 |
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% |
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381,961 |
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340,018 |
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12.3 |
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% |
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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 |
) |
Regional includes wholly owned subsidiaries and operating
results from capacity purchase carriers. |
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About American Airlines GroupAmerican 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® 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 InformationThis 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
first quarter pre-tax margin, the expected change in total revenue
per available seat mile, 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 Annual Report on Form 10-K for the year ended
December 31, 2016 (especially in Part I, Item 1A. Risk Factors, and
Part II, Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations) 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.
Corporate Communications
817-967-1577
mediarelations@aa.com
Investor Relations
817-931-3423
investor.relations@aa.com
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