FORT WORTH, Texas, April 10, 2015 /PRNewswire/ -- American
Airlines Group (NASDAQ: AAL) today reported March 2015 and year-to-date traffic results.
American Airlines Group's total revenue passenger miles (RPMs)
for the month were 18.4 billion, down 0.6 percent versus
March 2014. Total capacity was 22.4
billion available seat miles (ASMs), down 0.9 percent versus
March 2014. Total passenger load
factor was 82.1 percent for the month of March, up 0.3 percentage
points versus March 2014.
The Company expects its first quarter 2015 consolidated
passenger revenue per available seat mile (PRASM) to be down
approximately one to three percent. The recent strengthening of the
dollar resulted in higher than anticipated foreign exchange losses.
As a result, the Company now expects its first quarter pretax
margin excluding special charges to be approximately 12 to 13
percent, down from its previous guidance of 12 to 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 March
31, 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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March
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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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11,009,433
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11,085,270
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(0.7)%
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29,585,455
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30,175,740
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(2.0)%
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Atlantic
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1,890,872
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2,020,403
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(6.4)%
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4,771,876
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5,264,254
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(9.4)%
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Latin
America
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2,678,531
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2,923,146
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(8.4)%
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8,182,322
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8,682,562
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(5.8)%
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Pacific
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839,660
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587,576
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42.9%
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2,309,471
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1,705,092
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35.4%
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International
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5,409,063
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5,531,125
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(2.2)%
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15,263,669
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15,651,908
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(2.5)%
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Mainline
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16,418,496
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16,616,395
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(1.2)%
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44,849,124
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45,827,648
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(2.1)%
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Regional
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1,982,202
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1,888,545
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5.0%
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5,340,643
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5,058,464
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5.6%
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Total Revenue
Passenger Miles
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18,400,698
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18,504,940
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(0.6)%
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50,189,767
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50,886,112
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(1.4)%
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Available Seat
Miles (000)
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Domestic
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12,838,442
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12,883,759
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(0.4)%
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35,672,425
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35,989,458
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(0.9)%
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Atlantic
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2,545,326
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2,727,172
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(6.7)%
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6,768,343
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7,405,157
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(8.6)%
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Latin
America
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3,569,113
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3,899,861
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(8.5)%
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10,593,011
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11,357,537
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(6.7)%
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Pacific
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992,278
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728,305
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36.2%
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2,819,762
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2,078,866
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35.6%
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International
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7,106,717
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7,355,338
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(3.4)%
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20,181,116
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20,841,560
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(3.2)%
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Mainline
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19,945,159
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20,239,097
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(1.5)%
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55,853,541
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56,831,018
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(1.7)%
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Regional
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2,468,526
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2,376,355
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3.9%
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6,936,862
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6,561,054
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5.7%
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Total Available
Seat Miles
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22,413,685
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22,615,452
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(0.9)%
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62,790,403
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63,392,072
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(0.9)%
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Load Factor
(%)
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Domestic
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85.8
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86.0
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(0.2)pts
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82.9
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83.8
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(0.9)pts
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Atlantic
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74.3
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74.1
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0.2pts
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70.5
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71.1
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(0.6)pts
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Latin
America
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75.0
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75.0
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-pts
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77.2
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76.4
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0.8pts
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Pacific
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84.6
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80.7
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3.9pts
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81.9
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82.0
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(0.1)pts
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International
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76.1
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75.2
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0.9pts
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75.6
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75.1
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0.5pts
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Mainline
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82.3
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82.1
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0.2pts
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80.3
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80.6
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(0.3)pts
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Regional
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80.3
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79.5
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0.8pts
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77.0
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77.1
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(0.1)pts
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Total Load
Factor
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82.1
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81.8
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0.3pts
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79.9
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80.3
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(0.4)pts
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Enplanements
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Mainline
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12,526,257
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12,706,484
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(1.4)%
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33,950,985
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34,843,071
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(2.6)%
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Regional
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4,541,033
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4,399,130
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3.2%
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12,242,763
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11,708,618
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4.6%
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Total
Enplanements
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17,067,290
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17,105,614
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(0.2)%
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46,193,748
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46,551,689
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(0.8)%
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System Cargo Ton
Miles (000)
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206,283
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212,744
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(3.0)%
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553,386
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560,076
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(1.2)%
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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 from its hubs
in Charlotte, Chicago, Dallas/Fort Worth, Los
Angeles, Miami, New
York, Philadelphia, Phoenix and Washington,
D.C. The American Airlines AAdvantage program allows
members to earn miles for travel, vacation packages, car rentals,
hotel stays and everyday purchases. Members can redeem miles for
tickets as well as upgrades to First Class and Business Class,
vacation packages, car rentals, hotel stays and retail products.
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. 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 first 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,
such as, without limitation, statements that discuss the possible
future effects of current known trends or uncertainties, or which
indicate that the future effects of known trends or uncertainties
cannot be predicted, guaranteed or assured. These forward-looking
statements are based on the current objectives, beliefs and
expectations of the Company, 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 described in
the Company's Annual Report on Form 10-K for the year ended
December 31, 2014 under Part I, Item
1A. Risk Factors, and 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; any 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 limitations of the Company's historical consolidated
financial information, which is not directly comparable to its
financial information for prior or future periods; 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 ("NOLs") carried over 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 Annual Report
on Form 10-K for the year ended December 31,
2014 (especially in Part I, Item 1A--Risk Factors and Part
II, Item 7A--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 forwardlooking 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.
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SOURCE American Airlines Group