American Airlines Group Reports Record August Traffic Results
September 12 2017 - 4:12PM
American Airlines Group (NASDAQ:AAL) today reported August and
year-to-date 2017 traffic results.
American Airlines Group’s total revenue passenger miles (RPMs)
were a record 21.2 billion, up 3.7 percent versus August 2016.
Total capacity was 25.5 billion available seat miles (ASMs), up 3.2
percent versus August 2016. Total passenger load factor was 83.3
percent, up 0.4 percentage points versus August 2016.
As of the end of August, the company’s estimate for its third
quarter total revenue per available seat mile (TRASM) was in line
with prior guidance of up 0.5 percent to up 2.5 percent
year-over-year. However, Hurricane Irma caused closures at 40
airports in Florida and the Caribbean, including the company’s hub
at Miami International Airport, and resulted in more than 5,000
flight cancellations. Based on preliminary estimates of the
financial impact of the storm, the company now expects its third
quarter 2017 TRASM to be approximately flat to up one percent
year-over-year. Including the impact of higher fuel costs for the
quarter, the company now expects its third quarter 2017 pre-tax
margin excluding special items1 to be between 8.5 percent and 10.5
percent vs. the company’s previous guidance of between 10 percent
and 12 percent. The company continues to believe that fourth
quarter TRASM growth will exceed third quarter growth.
The following summarizes American Airlines Group traffic results
for the month ended August 31, 2017, and 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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August |
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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 |
11,609,063 |
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11,373,008 |
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2.1 |
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% |
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85,861,539 |
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87,386,675 |
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(1.7 |
) |
% |
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Atlantic |
3,406,799 |
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3,110,575 |
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9.5 |
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% |
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20,116,110 |
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18,968,026 |
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6.1 |
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% |
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Latin
America |
2,597,779 |
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2,577,382 |
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0.8 |
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% |
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20,632,813 |
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20,894,889 |
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(1.3 |
) |
% |
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Pacific |
1,350,898 |
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1,193,365 |
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13.2 |
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% |
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10,372,751 |
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8,586,530 |
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20.8 |
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% |
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International |
7,355,476 |
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6,881,322 |
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6.9 |
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% |
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51,121,674 |
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48,449,445 |
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5.5 |
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% |
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Mainline |
18,964,539 |
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18,254,330 |
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3.9 |
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% |
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136,983,213 |
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135,836,120 |
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0.8 |
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% |
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Regional |
2,232,218 |
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2,188,605 |
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2.0 |
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% |
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16,656,045 |
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16,424,662 |
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1.4 |
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% |
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Total Revenue
Passenger Miles |
21,196,757 |
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20,442,935 |
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3.7 |
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% |
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153,639,258 |
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152,260,782 |
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0.9 |
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% |
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Available Seat Miles (000) |
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Domestic |
13,603,576 |
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13,400,360 |
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1.5 |
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% |
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101,293,233 |
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102,607,200 |
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(1.3 |
) |
% |
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Atlantic |
4,175,459 |
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3,937,567 |
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6.0 |
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% |
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25,657,287 |
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25,464,478 |
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0.8 |
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% |
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Latin
America |
3,200,350 |
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3,125,968 |
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2.4 |
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% |
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26,194,989 |
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26,456,105 |
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(1.0 |
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% |
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Pacific |
1,560,657 |
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1,392,990 |
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12.0 |
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% |
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12,530,397 |
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10,263,769 |
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22.1 |
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% |
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International |
8,936,466 |
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8,456,525 |
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5.7 |
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% |
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64,382,673 |
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62,184,352 |
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3.5 |
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% |
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Mainline |
22,540,042 |
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21,856,885 |
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3.1 |
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% |
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165,675,906 |
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164,791,552 |
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0.5 |
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% |
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Regional |
2,913,587 |
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2,799,096 |
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4.1 |
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% |
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21,831,540 |
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21,175,862 |
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3.1 |
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% |
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Total Available
Seat Miles |
25,453,629 |
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24,655,981 |
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3.2 |
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% |
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187,507,446 |
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185,967,414 |
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0.8 |
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% |
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Load Factor (%) |
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Domestic |
85.3 |
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84.9 |
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0.4 |
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pts |
84.8 |
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85.2 |
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(0.4 |
) |
pts |
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Atlantic |
81.6 |
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79.0 |
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2.6 |
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pts |
78.4 |
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74.5 |
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3.9 |
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pts |
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Latin
America |
81.2 |
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82.5 |
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(1.3 |
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pts |
78.8 |
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79.0 |
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(0.2 |
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pts |
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Pacific |
86.6 |
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85.7 |
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0.9 |
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pts |
82.8 |
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83.7 |
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(0.9 |
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pts |
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International |
82.3 |
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81.4 |
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0.9 |
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pts |
79.4 |
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77.9 |
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1.5 |
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pts |
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Mainline |
84.1 |
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83.5 |
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0.6 |
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pts |
82.7 |
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82.4 |
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0.3 |
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pts |
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Regional |
76.6 |
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78.2 |
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(1.6 |
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pts |
76.3 |
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77.6 |
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(1.3 |
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pts |
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Total Load
Factor |
83.3 |
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82.9 |
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0.4 |
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pts |
81.9 |
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81.9 |
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- |
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pts |
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Enplanements |
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Mainline |
13,116,461 |
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12,737,141 |
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3.0 |
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% |
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98,087,295 |
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98,581,855 |
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(0.5 |
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% |
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Regional |
4,876,730 |
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4,860,107 |
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0.3 |
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% |
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36,391,492 |
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36,478,924 |
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(0.2 |
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% |
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Total
Enplanements |
17,993,191 |
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17,597,248 |
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2.3 |
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% |
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134,478,787 |
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135,060,779 |
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(0.4 |
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% |
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System Cargo Ton Miles (000) |
236,861 |
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192,801 |
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22.9 |
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% |
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1,802,910 |
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1,547,121 |
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16.5 |
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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. |
2)
Latin America numbers include the
Caribbean. |
3)
Regional includes wholly owned subsidiaries
and operating results from capacity purchase
carriers. |
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 the expected
third quarter pre-tax margin, statements about the expected change
in total revenue per available seat mile, statements about 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 June 30, 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 Communications817-967-1577mediarelations@aa.com
Investor Relations817-931-3423investor.relations@aa.com
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