American Airlines (AAL) Nov. Traffic Declines 0.2%, Capacity Up 0.1%
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American Airlines Group (NASDAQ: AAL) today reported November and year-to-date 2016 traffic results.
American Airlines Group’s total revenue passenger miles (RPMs) were 16.8 billion, down 0.2 percent versus November 2015. Total capacity was 20.8 billion available seat miles (ASMs), up 0.1 percent versus November 2015. Total passenger load factor was 80.9 percent, down 0.3 percentage points versus November 2015.
The Company expects its fourth quarter 2016 total revenue per available seat mile (TRASM) to range from down 1 percent to up 1 percent year-over-year. In addition, the Company expects its fourth quarter pre-tax margin excluding special items1 to be between 6 percent and 8 percent. TRASM has improved from prior guidance of down between 2.5 percent and 0.5 percent and pre-tax margin has improved from prior guidance of 5 percent to 7 percent due primarily to improving yields, offset in part by higher estimated fuel prices.
The following summarizes American Airlines Group traffic results for the month and year-to-date ended November 30, 2016, and 2015, consisting of mainline-operated flights, wholly owned regional subsidiaries and operating results from capacity purchase agreements.
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 | |||||||||||||||||
| November | Year to Date | ||||||||||||||||
| 2016 | 2015 | Change | 2016 | 2015 | Change | ||||||||||||
| Revenue Passenger Miles (000) | |||||||||||||||||
| Domestic | 9,880,487 | 10,064,385 | (1.8 | ) | % | 117,553,186 | 117,958,499 | (0.3 | ) | % | |||||||
| Atlantic | 1,627,319 | 1,784,825 | (8.8 | ) | % | 25,876,180 | 27,209,482 | (4.9 | ) | % | |||||||
| Latin America | 2,227,097 | 2,332,658 | (4.5 | ) | % | 27,243,489 | 28,319,024 | (3.8 | ) | % | |||||||
| Pacific | 1,123,823 | 822,499 | 36.6 | % | 12,156,705 | 9,567,280 | 27.1 | % | |||||||||
| International | 4,978,239 | 4,939,982 | 0.8 | % | 65,276,374 | 65,095,786 | 0.3 | % | |||||||||
| Mainline | 14,858,726 | 15,004,367 | (1.0 | ) | % | 182,829,560 | 183,054,285 | (0.1 | ) | % | |||||||
| Regional | 1,963,618 | 1,852,624 | 6.0 | % | 22,467,050 | 21,622,981 | 3.9 | % | |||||||||
| Total Revenue Passenger Miles | 16,822,344 | 16,856,991 | (0.2 | ) | % | 205,296,610 | 204,677,266 | 0.3 | % | ||||||||
| Available Seat Miles (000) | |||||||||||||||||
| Domestic | 11,754,824 | 11,830,397 | (0.6 | ) | % | 138,160,865 | 137,032,782 | 0.8 | % | ||||||||
| Atlantic | 2,209,485 | 2,446,815 | (9.7 | ) | % | 34,702,567 | 34,958,216 | (0.7 | ) | % | |||||||
| Latin America | 2,821,338 | 3,114,319 | (9.4 | ) | % | 34,344,101 | 36,021,981 | (4.7 | ) | % | |||||||
| Pacific | 1,405,823 | 1,007,955 | 39.5 | % | 14,616,188 | 11,373,008 | 28.5 | % | |||||||||
| International | 6,436,646 | 6,569,089 | (2.0 | ) | % | 83,662,856 | 82,353,205 | 1.6 | % | ||||||||
| Mainline | 18,191,470 | 18,399,486 | (1.1 | ) | % | 221,823,721 | 219,385,987 | 1.1 | % | ||||||||
| Regional | 2,594,781 | 2,363,213 | 9.8 | % | 29,021,443 | 26,895,863 | 7.9 | % | |||||||||
| Total Available Seat Miles | 20,786,251 | 20,762,699 | 0.1 | % | 250,845,164 | 246,281,850 | 1.9 | % | |||||||||
| Load Factor (%) | |||||||||||||||||
| Domestic | 84.1 | 85.1 | (1.0 | ) | pts | 85.1 | 86.1 | (1.0 | ) | pts | |||||||
| Atlantic | 73.7 | 72.9 | 0.8 | pts | 74.6 | 77.8 | (3.2 | ) | pts | ||||||||
| Latin America | 78.9 | 74.9 | 4.0 | pts | 79.3 | 78.6 | 0.7 | pts | |||||||||
| Pacific | 79.9 | 81.6 | (1.7 | ) | pts | 83.2 | 84.1 | (0.9 | ) | pts | |||||||
| International | 77.3 | 75.2 | 2.1 | pts | 78.0 | 79.0 | (1.0 | ) | pts | ||||||||
| Mainline | 81.7 | 81.5 | 0.2 | pts | 82.4 | 83.4 | (1.0 | ) | pts | ||||||||
| Regional | 75.7 | 78.4 | (2.7 | ) | pts | 77.4 | 80.4 | (3.0 | ) | pts | |||||||
| Total Load Factor | 80.9 | 81.2 | (0.3 | ) | pts | 81.8 | 83.1 | (1.3 | ) | pts | |||||||
| Enplanements | |||||||||||||||||
| Mainline | 11,197,891 | 11,552,799 | (3.1 | ) | % | 132,825,420 | 134,694,338 | (1.4 | ) | % | |||||||
| Regional | 4,323,746 | 4,290,325 | 0.8 | % | 49,859,241 | 50,088,386 | (0.5 | ) | % | ||||||||
| Total Enplanements | 15,521,637 | 15,843,124 | (2.0 | ) | % | 182,684,661 | 184,782,724 | (1.1 | ) | % | |||||||
| System Cargo Ton Miles (000) | 213,226 | 195,696 | 9.0 | % | 2,205,258 | 2,119,912 | 4.0 | % | |||||||||
| 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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