American Airlines (AAL) Dec. Traffic Down 0.8%, Capacity Up 0.5%
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American Airlines Group (NASDAQ: AAL) today reported December and full year 2016 traffic results.
American Airlines Group’s total revenue passenger miles (RPMs) were 18.2 billion, down 0.8 percent versus December 2015. Total capacity was 22.6 billion available seat miles (ASMs), up 0.5 percent versus December 2015. Total passenger load factor was 80.6 percent, down 1.0 percentage point versus December 2015.
The Company expects its fourth quarter 2016 total revenue per available seat mile (TRASM) to be flat to up 2 percent year-over-year. In addition, the Company expects its fourth quarter pre-tax margin excluding special items to be between 7 percent and 9 percent. TRASM has improved from prior guidance of between down 1 percent and up 1 percent and pre-tax margin has improved from prior guidance of 6 percent to 8 percent due primarily to improving yields. For more financial forecasting detail, including the Company’s anticipated fourth 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 ended December 31, 2016, and 2015, consisting of mainline-operated flights, wholly owned regional subsidiaries and operating results from capacity purchase agreements.
| American Airlines Group Traffic Results | |||||||||||||
| December | Year to Date | ||||||||||||
| 2016 | 2015 | Change | 2016 | 2015 | Change | ||||||||
| Revenue Passenger Miles (000) | |||||||||||||
| Domestic | 10,315,892 | 10,631,236 | (3.0 | ) | % | 127,869,078 | 128,589,735 | (0.6 | ) | % | |||
| Atlantic | 1,918,017 | 2,009,009 | (4.5 | ) | % | 27,794,197 | 29,218,489 | (4.9 | ) | % | |||
| Latin America | 2,683,926 | 2,882,391 | (6.9 | ) | % | 29,927,415 | 31,201,417 | (4.1 | ) | % | |||
| Pacific | 1,266,848 | 890,023 | 42.3 | % | 13,423,553 | 10,457,303 | 28.4 | % | |||||
| International | 5,868,791 | 5,781,423 | 1.5 | % | 71,145,165 | 70,877,209 | 0.4 | % | |||||
| Mainline | 16,184,683 | 16,412,659 | (1.4 | ) | % | 199,014,243 | 199,466,944 | (0.2 | ) | % | |||
| Regional | 1,995,531 | 1,919,855 | 3.9 | % | 24,462,581 | 23,542,837 | 3.9 | % | |||||
| Total Revenue Passenger Miles | 18,180,214 | 18,332,514 | (0.8 | ) | % | 223,476,824 | 223,009,781 | 0.2 | % | ||||
| Available Seat Miles (000) | |||||||||||||
| Domestic | 12,493,979 | 12,551,297 | (0.5 | ) | % | 150,654,843 | 149,584,080 | 0.7 | % | ||||
| Atlantic | 2,471,385 | 2,652,451 | (6.8 | ) | % | 37,173,952 | 37,610,665 | (1.2 | ) | % | |||
| Latin America | 3,416,020 | 3,703,757 | (7.8 | ) | % | 37,760,121 | 39,725,737 | (4.9 | ) | % | |||
| Pacific | 1,528,998 | 1,081,396 | 41.4 | % | 16,145,187 | 12,454,404 | 29.6 | % | |||||
| International | 7,416,403 | 7,437,604 | (0.3 | ) | % | 91,079,260 | 89,790,806 | 1.4 | % | ||||
| Mainline | 19,910,382 | 19,988,901 | (0.4 | ) | % | 241,734,103 | 239,374,886 | 1.0 | % | ||||
| Regional | 2,654,106 | 2,464,858 | 7.7 | % | 31,675,548 | 29,360,724 | 7.9 | % | |||||
| Total Available Seat Miles | 22,564,488 | 22,453,759 | 0.5 | % | 273,409,651 | 268,735,610 | 1.7 | % | |||||
| Load Factor (%) | |||||||||||||
| Domestic | 82.6 | 84.7 | (2.1 | ) | pts | 84.9 | 86.0 | (1.1 | ) | pts | |||
| Atlantic | 77.6 | 75.7 | 1.9 | pts | 74.8 | 77.7 | (2.9 | ) | pts | ||||
| Latin America | 78.6 | 77.8 | 0.8 | pts | 79.3 | 78.5 | 0.8 | pts | |||||
| Pacific | 82.9 | 82.3 | 0.6 | pts | 83.1 | 84.0 | (0.9 | ) | pts | ||||
| International | 79.1 | 77.7 | 1.4 | pts | 78.1 | 78.9 | (0.8 | ) | pts | ||||
| Mainline | 81.3 | 82.1 | (0.8 | ) | pts | 82.3 | 83.3 | (1.0 | ) | pts | |||
| Regional | 75.2 | 77.9 | (2.7 | ) | pts | 77.2 | 80.2 | (3.0 | ) | pts | |||
| Total Load Factor | 80.6 | 81.6 | (1.0 | ) | pts | 81.7 | 83.0 | (1.3 | ) | pts | |||
| Enplanements | |||||||||||||
| Mainline | 11,704,998 | 12,120,007 | (3.4 | ) | % | 144,530,418 | 146,814,345 | (1.6 | ) | % | |||
| Regional | 4,324,916 | 4,346,396 | (0.5 | ) | % | 54,184,157 | 54,434,782 | (0.5 | ) | % | |||
| Total Enplanements | 16,029,914 | 16,466,403 | (2.7 | ) | % | 198,714,575 | 201,249,127 | (1.3 | ) | % | |||
| System Cargo Ton Miles (000) | 218,690 | 194,455 | 12.5 | % | 2,423,949 | 2,314,360 | 4.7 | % | |||||
| 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 American Airlines GroupAmerican Airlines and American Eagle offer an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries. American has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. American is a founding member of the oneworld® alliance, whose members serve more than 1,000 destinations with about 14,250 daily flights to over 150 countries. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL. In 2015, its stock joined the S&P 500 index. Connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines.
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