American Airlines Group Reports October Traffic

FORT WORTH, Texas, Nov. 09, 2016 (GLOBE NEWSWIRE) -- American Airlines Group (NASDAQ:AAL) today reported October and year-to-date 2016 traffic results.

American Airlines Group's total revenue passenger miles (RPMs) were 18.4 billion, down 2.6 percent versus October 2015. Total capacity was 22.3 billion available seat miles (ASMs), up 0.4 percent versus October 2015. Total passenger load factor was 82.6 percent, down 2.6 percentage points versus October 2015.

The Company expects its fourth quarter 2016 total revenue per available seat mile (TRASM) to be down approximately 0.5 to 2.5 percent year-over-year. In addition, the Company expects its fourth quarter pre-tax margin excluding special items [1] to be between 5 and 7 percent. TRASM has improved from prior guidance of down 1 to 3 percent and pre-tax margin has improved from prior guidance of 4 to 6 percent due primarily to improving yields and lower estimated fuel prices resulting from the recent decline in crude oil prices.

The following summarizes American Airlines Group traffic results for the month and year-to-date ended October 31, 2016, and 2015, consisting of mainline-operated flights, wholly owned regional subsidiaries and operating results from capacity purchase agreements.
                               
  American Airlines Group Traffic Results      
    October     Year to Date  
    2016     2015   Change     2016   2015   Change  
                     
Revenue Passenger Miles (000)      
  Domestic   10,377,559       10,880,519       (4.6 ) %     107,672,699     107,894,114       (0.2 ) %
    Atlantic   2,541,648       2,770,523       (8.3 ) %     24,248,861     25,424,656       (4.6 ) %
    Latin America   2,159,032       2,313,647       (6.7 ) %     25,016,392     25,986,366       (3.7 ) %
    Pacific   1,273,401       937,449       35.8   %     11,032,882     8,744,781       26.2   %
  International   5,974,081       6,021,619       (0.8 ) %     60,298,135     60,155,803       0.2   %
  Mainline     16,351,640       16,902,138       (3.3 ) %     167,970,834     168,049,917       -    %
  Regional   2,097,650       2,041,149       2.8   %     20,503,432     19,770,355       3.7   %
  Total Revenue Passenger Miles   18,449,290       18,943,287       (2.6 ) %     188,474,266     187,820,272       0.3   %
                         
Available Seat Miles (000)                        
  Domestic   12,111,680       12,327,073       (1.7 ) %     126,406,041     125,202,385       1.0   %
    Atlantic   3,390,015       3,436,666       (1.4 ) %     32,493,082     32,511,401       (0.1 ) %
    Latin America   2,629,071       2,877,302       (8.6 ) %     31,522,763     32,907,662       (4.2 ) %
    Pacific   1,516,061       1,113,709       36.1   %     13,210,365     10,365,053       27.5   %
  International   7,535,147       7,427,677       1.4   %     77,226,210     75,784,116       1.9   %
  Mainline     19,646,827       19,754,750       (0.5 ) %     203,632,251     200,986,501       1.3   %
  Regional   2,685,522       2,482,181       8.2   %     26,426,662     24,532,650       7.7   %
  Total Available Seat Miles   22,332,349       22,236,931       0.4   %     230,058,913     225,519,151       2.0   %
                         
Load Factor (%)                        
  Domestic   85.7       88.3     (2.6 ) pts   85.2     86.2     (1.0 ) pts
    Atlantic   75.0       80.6     (5.6 ) pts   74.6     78.2     (3.6 ) pts
    Latin America   82.1       80.4     1.7   pts   79.4     79.0     0.4   pts
    Pacific   84.0       84.2     (0.2 ) pts   83.5     84.4     (0.9 ) pts
  International   79.3       81.1     (1.8 ) pts   78.1     79.4     (1.3 ) pts
  Mainline     83.2       85.6     (2.4 ) pts   82.5     83.6     (1.1 ) pts
  Regional   78.1       82.2     (4.1 ) pts   77.6     80.6     (3.0 ) pts
  Total Load Factor   82.6       85.2     (2.6 ) pts   81.9     83.3     (1.4 ) pts
                             
Enplanements                            
  Mainline   11,797,433       12,458,609       (5.3 ) %     121,627,529     123,141,539       (1.2 ) %
  Regional   4,627,674       4,765,689       (2.9 ) %     45,535,495     45,798,061       (0.6 ) %
  Total Enplanements   16,425,107       17,224,298       (4.6 ) %     167,163,024     168,939,600       (1.1 ) %
                             
System Cargo Ton Miles (000)   238,353       207,957       14.6   %     1,992,032     1,924,216       3.5   %
                 
Notes:        
  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.  

 

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