American Airlines Group Reports Record June Traffic Results
July 12 2017 - 8:00AM
American Airlines Group (NASDAQ:AAL) today reported June and
year-to-date 2017 traffic results.
American Airlines Group’s total revenue passenger
miles (RPMs) were a record 21.0 billion, up 0.8 percent versus June
2016. Total capacity was 24.9 billion available seat miles (ASMs),
up 1.1 percent versus June 2016. Total passenger load factor was
84.7 percent, down 0.2 percentage points versus June 2016.
The company expects its second quarter 2017 total
revenue per available seat mile (TRASM) to be up approximately 5
percent to 6 percent year-over-year. This compares to prior
guidance which had TRASM up 3.5 percent to 5.5 percent. The
improvement in TRASM from prior guidance is driven primarily by
higher passenger yields, with particular strength in the Domestic,
Central/South American, and Caribbean regions. The company now
expects its second quarter pre-tax margin excluding special items
to be between 13 percent and 14 percent versus its previous
guidance of 12 percent to 14 percent. For more financial
forecasting detail, including the company’s anticipated second
quarter net special items, please refer to the company’s investor
relations update also filed today.
The following summarizes American Airlines Group
traffic results for the month ended June 30, 2017, and 2016,
consisting of mainline-operated flights, wholly owned regional
subsidiaries and operating results from capacity purchase
agreements.
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American Airlines Group Traffic Results |
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June |
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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 |
11,538,113 |
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11,931,442 |
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(3.3 |
) |
% |
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62,309,527 |
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63,808,020 |
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(2.3 |
) |
% |
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Atlantic |
3,320,261 |
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3,002,389 |
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10.6 |
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% |
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13,348,643 |
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12,680,011 |
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5.3 |
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% |
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Latin
America |
2,587,598 |
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2,551,480 |
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1.4 |
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% |
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15,082,274 |
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15,475,711 |
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(2.5 |
) |
% |
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Pacific |
1,370,185 |
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1,146,087 |
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19.6 |
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% |
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7,647,390 |
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6,183,484 |
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23.7 |
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% |
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International |
7,278,044 |
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6,699,956 |
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8.6 |
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% |
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36,078,307 |
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34,339,206 |
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5.1 |
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% |
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Mainline |
18,816,157 |
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18,631,398 |
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1.0 |
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% |
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98,387,834 |
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98,147,226 |
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0.2 |
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% |
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Regional |
2,222,659 |
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2,239,031 |
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(0.7 |
) |
% |
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12,159,798 |
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11,959,171 |
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1.7 |
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% |
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Total Revenue
Passenger Miles |
21,038,816 |
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20,870,429 |
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0.8 |
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% |
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110,547,632 |
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110,106,397 |
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0.4 |
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% |
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Available Seat Miles (000) |
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Domestic |
13,234,263 |
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13,538,658 |
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(2.2 |
) |
% |
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73,896,622 |
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75,243,939 |
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(1.8 |
) |
% |
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Atlantic |
3,954,656 |
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3,826,986 |
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3.3 |
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% |
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17,342,037 |
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17,570,159 |
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(1.3 |
) |
% |
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Latin
America |
3,279,526 |
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3,202,471 |
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2.4 |
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% |
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19,513,663 |
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19,949,286 |
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(2.2 |
) |
% |
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Pacific |
1,586,678 |
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1,297,784 |
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22.3 |
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% |
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9,331,048 |
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7,470,835 |
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24.9 |
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% |
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International |
8,820,860 |
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8,327,241 |
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5.9 |
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% |
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46,186,748 |
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44,990,280 |
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2.7 |
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% |
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Mainline |
22,055,123 |
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21,865,899 |
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0.9 |
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% |
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120,083,370 |
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120,234,219 |
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(0.1 |
) |
% |
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Regional |
2,796,179 |
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2,725,404 |
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2.6 |
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% |
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16,000,343 |
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15,580,768 |
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2.7 |
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% |
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Total Available
Seat Miles |
24,851,302 |
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24,591,303 |
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1.1 |
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% |
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136,083,713 |
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135,814,987 |
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0.2 |
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% |
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Load Factor (%) |
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Domestic |
87.2 |
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88.1 |
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(0.9 |
) |
pts |
84.3 |
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84.8 |
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(0.5 |
) |
pts |
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Atlantic |
84.0 |
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78.5 |
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5.5 |
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pts |
77.0 |
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72.2 |
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4.8 |
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pts |
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Latin
America |
78.9 |
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79.7 |
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(0.8 |
) |
pts |
77.3 |
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77.6 |
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(0.3 |
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pts |
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Pacific |
86.4 |
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88.3 |
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(1.9 |
) |
pts |
82.0 |
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82.8 |
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(0.8 |
) |
pts |
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International |
82.5 |
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80.5 |
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2.0 |
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pts |
78.1 |
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76.3 |
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1.8 |
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pts |
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Mainline |
85.3 |
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85.2 |
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0.1 |
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pts |
81.9 |
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81.6 |
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0.3 |
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pts |
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Regional |
79.5 |
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82.2 |
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(2.7 |
) |
pts |
76.0 |
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76.8 |
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(0.8 |
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pts |
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Total Load
Factor |
84.7 |
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84.9 |
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(0.2 |
) |
pts |
81.2 |
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81.1 |
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0.1 |
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pts |
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Enplanements |
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Mainline |
13,009,135 |
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13,179,493 |
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(1.3 |
) |
% |
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71,521,920 |
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72,245,935 |
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(1.0 |
) |
% |
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Regional |
4,847,141 |
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4,937,272 |
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(1.8 |
) |
% |
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26,654,051 |
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26,619,787 |
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0.1 |
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% |
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Total
Enplanements |
17,856,276 |
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18,116,765 |
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(1.4 |
) |
% |
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98,175,971 |
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98,865,722 |
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(0.7 |
) |
% |
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System Cargo Ton Miles (000) |
235,923 |
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202,682 |
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16.4 |
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% |
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1,320,541 |
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1,152,962 |
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14.5 |
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% |
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Notes: |
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1 |
) |
Canada, Puerto Rico and U.S. Virgin Islands are included in
the domestic results. |
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2 |
) |
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 Group
American Airlines and American Eagle offer an
average of nearly 6,700 flights per day to nearly 350 destinations
in more than 50 countries. American has hubs in Charlotte, Chicago,
Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia,
Phoenix, and Washington, D.C. American is a founding member of
the oneworld® alliance, whose members serve
more than 1,000 destinations with about 14,250 daily flights to
over 150 countries. Shares of American Airlines Group Inc. trade on
Nasdaq under the ticker symbol AAL. In 2015, its stock joined the
S&P 500 index. Connect with American on Twitter
@AmericanAir and at Facebook.com/AmericanAirlines.
Cautionary Statement Regarding
Forward-Looking Statements and Information
This document includes forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements may be identified by
words such as “may,” “will,” “expect,” “intend,” “anticipate,”
“believe,” “estimate,” “plan,” “project,” “could,” “should,”
“would,” “continue,” “seek,” “target,” “guidance,” “outlook,” “if
current trends continue,” “optimistic,” “forecast” and other
similar words. Such statements include, but are not limited to,
statements about future financial and operating results, the
Company’s plans, objectives, estimates, expectations and
intentions, and other statements that are not historical facts.
These forward-looking statements are based on the Company’s current
objectives, beliefs and expectations, and they are subject to
significant risks and uncertainties that may cause actual results
and financial position and timing of certain events to differ
materially from the information in the forward-looking statements.
These risks and uncertainties include, but are not limited to,
those set forth in the Company’s Quarterly Report on Form 10-Q for
the quarter ended March 31, 2017 (especially in Part I, Item 2.
Management’s Discussion and Analysis of Financial Condition and
Results of Operations, and Part II, Item 1A. Risk Factors) and in
the Company’s other filings with the Securities and Exchange
Commission (the SEC), and other risks and uncertainties listed from
time to time in the Company’s other filings with the SEC. There may
be other factors of which the Company is not currently aware that
may affect matters discussed in the forward-looking statements and
may also cause actual results to differ materially from those
discussed. The Company does not assume any obligation to publicly
update or supplement any forward-looking statement to reflect
actual results, changes in assumptions or changes in other factors
affecting these forward-looking statements other than as required
by law. Any forward-looking statements speak only as of the date
hereof or as of the dates indicated in the statements.
Corporate Communications
817-967-1577
mediarelations@aa.com
Investor Relations
817-931-3423
investor.relations@aa.com
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