American Airlines Group Reports March Traffic Results
American Airlines Group’s total revenue passenger miles (RPMs) were 18.8 billion, down 1.2 percent versus
The Company expects its first quarter 2017 total revenue per available seat mile (TRASM) to be up approximately 2 percent to 4 percent year-over-year. In addition, the Company expects its first quarter pre-tax margin excluding special items to be between 4 percent and 6 percent. This compares to prior guidance which had TRASM up approximately 1.5 percent to 3.5 percent and pre-tax margin of 3 percent to 5 percent. The improvements from prior guidance are driven primarily by higher yields. For more financial forecasting detail, including the Company’s anticipated first quarter net special items, please refer to the Company’s investor relations update also filed today.
The following summarizes
American Airlines Group Traffic Results | |||||||||||||||||
March | Year to Date | ||||||||||||||||
2017 | 2016 | Change | 2017 | 2016 | Change | ||||||||||||
Revenue Passenger Miles (000) | |||||||||||||||||
Domestic | 10,995,934 | 11,208,710 | (1.9 | ) | % | 29,530,417 | 30,390,529 | (2.8 | ) | % | |||||||
Atlantic | 1,795,015 | 1,956,960 | (8.3 | ) | % | 4,499,829 | 4,801,157 | (6.3 | ) | % | |||||||
Latin America | 2,574,102 | 2,705,110 | (4.8 | ) | % | 7,489,876 | 8,054,378 | (7.0 | ) | % | |||||||
Pacific | 1,306,951 | 1,063,779 | 22.9 | % | 3,690,385 | 2,974,220 | 24.1 | % | |||||||||
International | 5,676,068 | 5,725,849 | (0.9 | ) | % | 15,680,090 | 15,829,755 | (0.9 | ) | % | |||||||
Mainline | 16,672,002 | 16,934,559 | (1.6 | ) | % | 45,210,507 | 46,220,284 | (2.2 | ) | % | |||||||
Regional | 2,115,376 | 2,075,258 | 1.9 | % | 5,773,004 | 5,550,612 | 4.0 | % | |||||||||
Total Revenue Passenger Miles | 18,787,378 | 19,009,817 | (1.2 | ) | % | 50,983,511 | 51,770,896 | (1.5 | ) | % | |||||||
Available Seat Miles (000) | |||||||||||||||||
Domestic | 12,837,710 | 13,098,787 | (2.0 | ) | % | 35,804,542 | 36,542,915 | (2.0 | ) | % | |||||||
Atlantic | 2,455,006 | 2,635,813 | (6.9 | ) | % | 6,415,393 | 6,893,142 | (6.9 | ) | % | |||||||
Latin America | 3,427,039 | 3,515,084 | (2.5 | ) | % | 9,774,473 | 10,480,232 | (6.7 | ) | % | |||||||
Pacific | 1,603,683 | 1,294,126 | 23.9 | % | 4,569,225 | 3,647,813 | 25.3 | % | |||||||||
International | 7,485,728 | 7,445,023 | 0.5 | % | 20,759,091 | 21,021,187 | (1.2 | ) | % | ||||||||
Mainline | 20,323,438 | 20,543,810 | (1.1 | ) | % | 56,563,633 | 57,564,102 | (1.7 | ) | % | |||||||
Regional | 2,724,115 | 2,717,144 | 0.3 | % | 7,777,835 | 7,499,635 | 3.7 | % | |||||||||
Total Available Seat Miles | 23,047,553 | 23,260,954 | (0.9 | ) | % | 64,341,468 | 65,063,737 | (1.1 | ) | % | |||||||
Load Factor (%) | |||||||||||||||||
Domestic | 85.7 | 85.6 | 0.1 | pts | 82.5 | 83.2 | (0.7 | ) | pts | ||||||||
Atlantic | 73.1 | 74.2 | (1.1 | ) | pts | 70.1 | 69.7 | 0.4 | pts | ||||||||
Latin America | 75.1 | 77.0 | (1.9 | ) | pts | 76.6 | 76.9 | (0.3 | ) | pts | |||||||
Pacific | 81.5 | 82.2 | (0.7 | ) | pts | 80.8 | 81.5 | (0.7 | ) | pts | |||||||
International | 75.8 | 76.9 | (1.1 | ) | pts | 75.5 | 75.3 | 0.2 | pts | ||||||||
Mainline | 82.0 | 82.4 | (0.4 | ) | pts | 79.9 | 80.3 | (0.4 | ) | pts | |||||||
Regional | 77.7 | 76.4 | 1.3 | pts | 74.2 | 74.0 | 0.2 | pts | |||||||||
Total Load Factor | 81.5 | 81.7 | (0.2 | ) | pts | 79.2 | 79.6 | (0.4 | ) | pts | |||||||
Enplanements | |||||||||||||||||
Mainline | 12,533,594 | 12,657,394 | (1.0 | ) | % | 33,755,065 | 34,546,998 | (2.3 | ) | % | |||||||
Regional | 4,626,503 | 4,585,994 | 0.9 | % | 12,605,297 | 12,367,565 | 1.9 | % | |||||||||
Total Enplanements | 17,160,097 | 17,243,388 | (0.5 | ) | % | 46,360,362 | 46,914,563 | (1.2 | ) | % | |||||||
System Cargo Ton Miles (000) | 237,200 | 203,398 | 16.6 | % | 619,161 | 543,416 | 13.9 | % | |||||||||
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. | |||||||||||||||
About
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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