American Airlines Group Reports February Traffic and Record Operational Performance
American Airlines Group’s total revenue passenger miles (RPMs) were 15.2 billion, down 3.3 percent versus
In February, the Company’s 120,000 team members set several operational records, including a systemwide mainline on-time departure rate of 74.8 percent, which was the best for any month since the Company’s 2013 merger. In addition, the Company also set February records for on-time arrivals of 85.2 percent and completion factor of 98.8 percent as preliminarily reported to the
The Company expects its first quarter 2017 total revenue per available seat mile (TRASM) to be up approximately 1.5 percent to 3.5 percent year-over-year vs. its previous guidance of up 2.5 percent to 4.5 percent. This decrease is due primarily to the Company’s year-to-date systemwide mainline completion factor of 98.9 percent vs. 97.7 percent in the same period last year. The higher completion factor is positive for customer service and profitability, but the additional ASMs generally reduce TRASM results. The Company continues to expect its first quarter pre-tax margin excluding special items1 to be between 3 percent and 5 percent.
The following summarizes
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
American Airlines Group Traffic Results | |||||||||||||||||||||
February | Year to Date | ||||||||||||||||||||
2017 | 2016 | Change | 2017 | 2016 | Change | ||||||||||||||||
Revenue Passenger Miles (000) | |||||||||||||||||||||
Domestic | 8,873,835 | 9,356,535 | (5.2 | ) | % | 18,534,483 | 19,181,819 | (3.4 | ) | % | |||||||||||
Atlantic | 1,154,126 | 1,219,709 | (5.4 | ) | % | 2,704,814 | 2,844,197 | (4.9 | ) | % | |||||||||||
Latin America | 2,254,265 | 2,453,589 | (8.1 | ) | % | 4,915,774 | 5,349,268 | (8.1 | ) | % | |||||||||||
Pacific | 1,099,018 | 923,700 | 19.0 | % | 2,383,433 | 1,910,441 | 24.8 | % | |||||||||||||
International | 4,507,409 | 4,596,998 | (1.9 | ) | % | 10,004,021 | 10,103,906 | (1.0 | ) | % | |||||||||||
Mainline | 13,381,244 | 13,953,533 | (4.1 | ) | % | 28,538,504 | 29,285,725 | (2.6 | ) | % | |||||||||||
Regional | 1,778,491 | 1,725,496 | 3.1 | % | 3,657,628 | 3,475,354 | 5.2 | % | |||||||||||||
Total Revenue Passenger Miles | 15,159,735 | 15,679,029 | (3.3 | ) | % | 32,196,132 | 32,761,079 | (1.7 | ) | % | |||||||||||
Available Seat Miles (000) | |||||||||||||||||||||
Domestic | 10,927,299 | 11,502,210 | (5.0 | ) | % | 22,966,832 | 23,444,128 | (2.0 | ) | % | |||||||||||
Atlantic | 1,840,119 | 2,050,648 | (10.3 | ) | % | 3,960,386 | 4,257,329 | (7.0 | ) | % | |||||||||||
Latin America | 3,002,073 | 3,314,491 | (9.4 | ) | % | 6,347,434 | 6,965,148 | (8.9 | ) | % | |||||||||||
Pacific | 1,420,951 | 1,157,524 | 22.8 | % | 2,965,542 | 2,353,687 | 26.0 | % | |||||||||||||
International | 6,263,143 | 6,522,663 | (4.0 | ) | % | 13,273,362 | 13,576,164 | (2.2 | ) | % | |||||||||||
Mainline | 17,190,442 | 18,024,873 | (4.6 | ) | % | 36,240,194 | 37,020,292 | (2.1 | ) | % | |||||||||||
Regional | 2,422,513 | 2,350,197 | 3.1 | % | 5,053,720 | 4,782,491 | 5.7 | % | |||||||||||||
Total Available Seat Miles | 19,612,955 | 20,375,070 | (3.7 | ) | % | 41,293,914 | 41,802,783 | (1.2 | ) | % | |||||||||||
Load Factor (%) | |||||||||||||||||||||
Domestic | 81.2 | 81.3 | (0.1 | ) | pts | 80.7 | 81.8 | (1.1 | ) | pts | |||||||||||
Atlantic | 62.7 | 59.5 | 3.2 | pts | 68.3 | 66.8 | 1.5 | pts | |||||||||||||
Latin America | 75.1 | 74.0 | 1.1 | pts | 77.4 | 76.8 | 0.6 | pts | |||||||||||||
Pacific | 77.3 | 79.8 | (2.5 | ) | pts | 80.4 | 81.2 | (0.8 | ) | pts | |||||||||||
International | 72.0 | 70.5 | 1.5 | pts | 75.4 | 74.4 | 1.0 | pts | |||||||||||||
Mainline | 77.8 | 77.4 | 0.4 | pts | 78.7 | 79.1 | (0.4 | ) | pts | ||||||||||||
Regional | 73.4 | 73.4 | - | pts | 72.4 | 72.7 | (0.3 | ) | pts | ||||||||||||
Total Load Factor | 77.3 | 77.0 | 0.3 | pts | 78.0 | 78.4 | (0.4 | ) | pts | ||||||||||||
Enplanements | |||||||||||||||||||||
Mainline | 10,167,980 | 10,582,081 | (3.9 | ) | % | 21,221,471 | 21,889,604 | (3.1 | ) | % | |||||||||||
Regional | 3,903,115 | 3,856,992 | 1.2 | % | 7,978,794 | 7,781,571 | 2.5 | % | |||||||||||||
Total Enplanements | 14,071,095 | 14,439,073 | (2.5 | ) | % | 29,200,265 | 29,671,175 | (1.6 | ) | % | |||||||||||
System Cargo Ton Miles (000) | 191,367 | 174,418 | 9.7 | % | 381,961 | 340,018 | 12.3 | % | |||||||||||||
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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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 first quarter pre-tax margin, the expected change in total revenue per available seat mile, 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 Annual Report on Form 10-K for the year ended
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