American Airlines Group Reports Record December Traffic Results
January 12 2016 - 7:30AM
American Airlines Group (NASDAQ:AAL) today reported December 2015
and full year traffic results.
American Airlines Group’s total revenue passenger miles (RPMs)
were a record 18.3 billion, up 1.5 percent versus December 2014.
Total capacity was 22.5 billion available seat miles (ASMs), flat
versus December 2014. Total passenger load factor was 81.6 percent,
up 1.2 percentage points versus December 2014.
The Company continues to expect its fourth quarter 2015
consolidated passenger revenue per available seat mile (PRASM) to
be down approximately 5 to 7 percent year-over-year. In addition,
the Company continues to expect its fourth quarter pretax margin
excluding special items to be between 12 and 14 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 year-to-date ended December 31, 2015 and 2014,
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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December |
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Year to Date |
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2015 |
2014 |
Change |
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2015 |
2014 |
Change |
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Revenue Passenger Miles (000) |
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Domestic |
10,631,235 |
10,572,828 |
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0.6 |
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% |
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128,589,734 |
125,916,495 |
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2.1 |
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% |
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Atlantic |
2,009,009 |
1,957,384 |
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2.6 |
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% |
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29,218,490 |
29,305,654 |
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(0.3 |
) |
% |
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Latin
America |
2,882,392 |
2,904,151 |
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(0.7 |
) |
% |
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31,201,417 |
32,093,575 |
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(2.8 |
) |
% |
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Pacific |
890,024 |
757,740 |
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17.5 |
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% |
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10,457,303 |
8,335,040 |
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25.5 |
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% |
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International |
5,781,425 |
5,619,275 |
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2.9 |
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% |
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70,877,210 |
69,734,269 |
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1.6 |
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% |
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Mainline |
16,412,660 |
16,192,103 |
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1.4 |
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% |
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199,466,944 |
195,650,764 |
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2.0 |
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% |
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Regional |
1,919,855 |
1,877,673 |
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2.2 |
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% |
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23,542,836 |
22,218,837 |
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6.0 |
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% |
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Total Revenue
Passenger Miles |
18,332,515 |
18,069,776 |
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1.5 |
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% |
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223,009,780 |
217,869,601 |
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2.4 |
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% |
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Available Seat Miles (000) |
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Domestic |
12,551,297 |
12,814,619 |
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(2.1 |
) |
% |
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149,584,080 |
148,082,867 |
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1.0 |
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% |
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Atlantic |
2,652,451 |
2,527,195 |
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5.0 |
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% |
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37,610,665 |
37,573,447 |
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0.1 |
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% |
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Latin
America |
3,703,756 |
3,760,136 |
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(1.5 |
) |
% |
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39,725,736 |
41,580,819 |
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(4.5 |
) |
% |
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Pacific |
1,081,396 |
924,752 |
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16.9 |
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% |
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12,454,404 |
10,284,844 |
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21.1 |
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% |
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International |
7,437,603 |
7,212,083 |
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3.1 |
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% |
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89,790,805 |
89,439,110 |
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0.4 |
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% |
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Mainline |
19,988,900 |
20,026,702 |
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(0.2 |
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% |
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239,374,885 |
237,521,977 |
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0.8 |
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% |
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Regional |
2,464,857 |
2,438,002 |
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1.1 |
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% |
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29,360,716 |
28,134,562 |
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4.4 |
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% |
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Total Available
Seat Miles |
22,453,757 |
22,464,704 |
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- |
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% |
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268,735,601 |
265,656,539 |
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1.2 |
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% |
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Load Factor (%) |
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Domestic |
84.7 |
82.5 |
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2.2 |
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pts |
86.0 |
85.0 |
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1.0 |
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pts |
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Atlantic |
75.7 |
77.5 |
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(1.8 |
) |
pts |
77.7 |
78.0 |
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(0.3 |
) |
pts |
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Latin
America |
77.8 |
77.2 |
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0.6 |
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pts |
78.5 |
77.2 |
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1.3 |
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pts |
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Pacific |
82.3 |
81.9 |
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0.4 |
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pts |
84.0 |
81.0 |
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3.0 |
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pts |
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International |
77.7 |
77.9 |
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(0.2 |
) |
pts |
78.9 |
78.0 |
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0.9 |
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pts |
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Mainline |
82.1 |
80.9 |
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1.2 |
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pts |
83.3 |
82.4 |
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0.9 |
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pts |
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Regional |
77.9 |
77.0 |
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0.9 |
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pts |
80.2 |
79.0 |
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1.2 |
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pts |
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Total Load
Factor |
81.6 |
80.4 |
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1.2 |
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pts |
83.0 |
82.0 |
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1.0 |
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pts |
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Enplanements |
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Mainline |
12,120,007 |
12,165,444 |
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(0.4 |
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% |
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146,814,345 |
145,574,439 |
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0.9 |
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% |
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Regional |
4,346,396 |
4,320,480 |
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0.6 |
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% |
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54,434,782 |
51,766,362 |
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5.2 |
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% |
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Total
Enplanements |
16,466,403 |
16,485,924 |
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(0.1 |
) |
% |
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201,249,127 |
197,340,801 |
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2.0 |
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% |
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System Cargo Ton Miles (000) |
194,453 |
197,388 |
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(1.5 |
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% |
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2,314,362 |
2,332,507 |
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(0.8 |
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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 |
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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 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 and members-elect serve nearly 1,000
destinations with 14,250 daily flights to 150 countries. Shares of
American Airlines Group Inc. trade on Nasdaq under the ticker
symbol AAL. In 2015, its stock 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 fourth quarter pretax 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; actions that the Company may take in
connection with its integration with US Airways that may not be to
its advantage on a stand-alone basis; 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
September 30, 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) 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
except as required by law.
Corporate Communications
817-967-1577
mediarelations@aa.com
Investor Relations
817-931-3423
investor.relations@aa.com
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