American Airlines (AAL) August Traffic Declines 2.8%, Capacity Up 1.4%
Get Alerts AAL Hot Sheet
Join SI Premium – FREE
American Airlines Group (NASDAQ: AAL) today reported August and year-to-date 2016 traffic results.
American Airlines Group’s total revenue passenger miles (RPMs) were 20.4 billion, down 2.8 percent versus August 2015. Total capacity was 24.7 billion available seat miles (ASMs), up 1.4 percent versus August 2015. Total passenger load factor was 82.9 percent, down 3.6 percentage points versus August 2015.
The Company continues to expect its third quarter 2016 total revenue per available seat mile to be down approximately 3.0 to 5.0 percent year-over-year. In addition, the Company continues to expect its third quarter pretax margin excluding special items1 to be between 12 and 14 percent.
The following summarizes American Airlines Group traffic results for the month and year-to-date ended August 31, 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 | ||||||||||||||||
August | Year to Date | |||||||||||||||
2016 | 2015 | Change | 2016 | 2015 | Change | |||||||||||
Revenue Passenger Miles (000) | ||||||||||||||||
Domestic | 11,373,008 | 11,815,594 | (3.7 | ) | % | 87,386,675 | 86,881,937 | 0.6 | % | |||||||
Atlantic | 3,110,575 | 3,317,068 | (6.2 | ) | % | 18,968,026 | 19,632,674 | (3.4 | ) | % | ||||||
Latin America | 2,577,382 | 2,773,193 | (7.1 | ) | % | 20,894,889 | 21,536,655 | (3.0 | ) | % | ||||||
Pacific | 1,193,365 | 1,007,740 | 18.4 | % | 8,586,530 | 6,927,496 | 23.9 | % | ||||||||
International | 6,881,322 | 7,098,001 | (3.1 | ) | % | 48,449,445 | 48,096,825 | 0.7 | % | |||||||
Mainline | 18,254,330 | 18,913,595 | (3.5 | ) | % | 135,836,120 | 134,978,762 | 0.6 | % | |||||||
Regional | 2,188,605 | 2,110,350 | 3.7 | % | 16,424,662 | 15,831,961 | 3.7 | % | ||||||||
Total Revenue Passenger Miles | 20,442,935 | 21,023,945 | (2.8 | ) | % | 152,260,782 | 150,810,723 | 1.0 | % | |||||||
Available Seat Miles (000) | ||||||||||||||||
Domestic | 13,400,360 | 13,332,449 | 0.5 | % | 102,607,200 | 101,029,029 | 1.6 | % | ||||||||
Atlantic | 3,937,567 | 3,960,115 | (0.6 | ) | % | 25,464,478 | 25,245,270 | 0.9 | % | |||||||
Latin America | 3,125,968 | 3,302,085 | (5.3 | ) | % | 26,456,105 | 27,334,715 | (3.2 | ) | % | ||||||
Pacific | 1,392,990 | 1,107,494 | 25.8 | % | 10,263,769 | 8,162,737 | 25.7 | % | ||||||||
International | 8,456,525 | 8,369,694 | 1.0 | % | 62,184,352 | 60,742,722 | 2.4 | % | ||||||||
Mainline | 21,856,885 | 21,702,143 | 0.7 | % | 164,791,552 | 161,771,751 | 1.9 | % | ||||||||
Regional | 2,799,096 | 2,602,087 | 7.6 | % | 21,175,862 | 19,654,766 | 7.7 | % | ||||||||
Total Available Seat Miles | 24,655,981 | 24,304,230 | 1.4 | % | 185,967,414 | 181,426,517 | 2.5 | % | ||||||||
Load Factor (%) | ||||||||||||||||
Domestic | 84.9 | 88.6 | (3.7 | ) | pts | 85.2 | 86.0 | (0.8 | ) | pts | ||||||
Atlantic | 79.0 | 83.8 | (4.8 | ) | pts | 74.5 | 77.8 | (3.3 | ) | pts | ||||||
Latin America | 82.5 | 84.0 | (1.5 | ) | pts | 79.0 | 78.8 | 0.2 | pts | |||||||
Pacific | 85.7 | 91.0 | (5.3 | ) | pts | 83.7 | 84.9 | (1.2 | ) | pts | ||||||
International | 81.4 | 84.8 | (3.4 | ) | pts | 77.9 | 79.2 | (1.3 | ) | pts | ||||||
Mainline | 83.5 | 87.2 | (3.7 | ) | pts | 82.4 | 83.4 | (1.0 | ) | pts | ||||||
Regional | 78.2 | 81.1 | (2.9 | ) | pts | 77.6 | 80.6 | (3.0 | ) | pts | ||||||
Total Load Factor | 82.9 | 86.5 | (3.6 | ) | pts | 81.9 | 83.1 | (1.2 | ) | pts | ||||||
Enplanements | ||||||||||||||||
Mainline | 12,737,141 | 13,363,729 | (4.7 | ) | % | 98,581,855 | 99,106,649 | (0.5 | ) | % | ||||||
Regional | 4,860,107 | 4,901,891 | (0.9 | ) | % | 36,478,924 | 36,585,867 | (0.3 | ) | % | ||||||
Total Enplanements | 17,597,248 | 18,265,620 | (3.7 | ) | % | 135,060,779 | 135,692,516 | (0.5 | ) | % | ||||||
System Cargo Ton Miles (000) | 192,801 | 190,028 | 1.5 | % | 1,547,121 | 1,528,072 | 1.2 | % | ||||||||
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. | ||||||||||||||
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Hibbett Sports (HIBB) Acquired by JD Sports Fashion for $87.50/sh or $1.1B
- Direct Digital Holdings (DRCT) Receives Nasdaq Non-compliance Notice
- Visa (V) earnings and revenue exceed estimates in Q2, shares rise
Create E-mail Alert Related Categories
Corporate News, Guidance, Hot Corp. News, Hot GuidanceRelated Entities
Twitter, Dividend, Stock Buyback, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!