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American Airlines (AAL) Load Factor Fell 1.1 Points in Sept. 2016; Sees Q3 RASM Down 2% - 3%

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October 11, 2016 8:05 AM EDT

American Airlines Group (Nasdaq: AAL) reported September and year-to-date 2016 traffic results.

American Airlines Group’s total revenue passenger miles (RPMs) were 17.8 billion, down 1.7 percent versus September 2015. Total capacity was 21.8 billion available seat miles (ASMs), down 0.4 percent versus September 2015. Total passenger load factor was 81.6 percent, down 1.1 percentage points versus September 2015.

The Company expects its third quarter 2016 total revenue per available seat mile to be down approximately 2 to 3 percent year-over-year. In addition, the Company expects its third quarter pre-tax margin excluding special items to be between 13 and 15 percent. For more financial forecasting detail, including the Company’s anticipated third quarter net special items, please refer to the Company’s investor relations update also filed today.

The following summarizes American Airlines Group traffic results for the month and year-to-date ended September 30, 2016, and 2015, consisting of mainline-operated flights, wholly owned regional subsidiaries and operating results from capacity purchase agreements.

American Airlines Group Traffic Results
September Year to Date
20162015Change 20162015Change
Revenue Passenger Miles (000)
Domestic 9,908,464 10,131,657 (2.2)% 97,295,140 97,013,596 0.3 %
Atlantic 2,739,187 3,021,459 (9.3)% 21,707,213 22,654,133 (4.2)%
Latin America 1,962,471 2,136,065 (8.1)% 22,857,360 23,672,719 (3.4)%
Pacific 1,172,951 879,836 33.3 % 9,759,481 7,807,332 25.0 %
International 5,874,609 6,037,360 (2.7)% 54,324,054 54,134,184 0.4 %
Mainline 15,783,073 16,169,017 (2.4)% 151,619,194 151,147,780 0.3 %
Regional 1,981,120 1,897,245 4.4 % 18,405,782 17,729,206 3.8 %
Total Revenue Passenger Miles 17,764,193 18,066,262 (1.7)% 170,024,976 168,876,986 0.7 %
Available Seat Miles (000)
Domestic 11,687,161 11,846,285 (1.3)% 114,294,361 112,875,313 1.3 %
Atlantic 3,638,589 3,829,465 (5.0)% 29,103,067 29,074,734 0.1 %
Latin America 2,437,587 2,695,645 (9.6)% 28,893,692 30,030,361 (3.8)%
Pacific 1,430,535 1,088,607 31.4 % 11,694,304 9,251,344 26.4 %
International 7,506,711 7,613,717 (1.4)% 69,691,063 68,356,439 2.0 %
Mainline 19,193,872 19,460,002 (1.4)% 183,985,424 181,231,752 1.5 %
Regional 2,565,278 2,395,706 7.1 % 23,741,140 22,050,471 7.7 %
Total Available Seat Miles 21,759,150 21,855,708 (0.4)% 207,726,564 203,282,223 2.2 %
Load Factor (%)
Domestic 84.8 85.5 (0.7)pts 85.1 85.9 (0.8)pts
Atlantic 75.3 78.9 (3.6)pts 74.6 77.9 (3.3)pts
Latin America 80.5 79.2 1.3 pts 79.1 78.8 0.3 pts
Pacific 82.0 80.8 1.2 pts 83.5 84.4 (0.9)pts
International 78.3 79.3 (1.0)pts 77.9 79.2 (1.3)pts
Mainline 82.2 83.1 (0.9)pts 82.4 83.4 (1.0)pts
Regional 77.2 79.2 (2.0)pts 77.5 80.4 (2.9)pts
Total Load Factor 81.6 82.7 (1.1)pts 81.9 83.1 (1.2)pts
Enplanements
Mainline 11,248,241 11,576,281 (2.8)% 109,830,096 110,682,930 (0.8)%
Regional 4,428,897 4,446,505 (0.4)% 40,907,821 41,032,372 (0.3)%
Total Enplanements 15,677,138 16,022,786 (2.2)% 150,737,917 151,715,302 (0.6)%
System Cargo Ton Miles (000) 206,558 188,182 9.8 % 1,753,679 1,716,255 2.2 %
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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