American Airlines Group Reports Record May Traffic Results
American Airlines Group’s total revenue passenger miles (RPMs) were a record 19.9 billion, up 2.6 percent versus
The Company continues to expect its second quarter 2017 total revenue per available seat mile (TRASM) to be up approximately 3.5 percent to 5.5 percent year-over-year. In addition, the Company continues to expect its second quarter pre-tax margin excluding special items1 to be between 12 percent and 14 percent.
The following summarizes
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 | |||||||||||||||||
May | Year to Date | ||||||||||||||||
2017 | 2016 | Change | 2017 | 2016 | Change | ||||||||||||
Revenue Passenger Miles (000) | |||||||||||||||||
Domestic | 10,927,953 | 11,090,514 | (1.5 | ) | % | 50,771,414 | 51,876,578 | (2.1 | ) | % | |||||||
Atlantic | 3,078,695 | 2,711,012 | 13.6 | % | 10,028,382 | 9,677,622 | 3.6 | % | |||||||||
Latin America | 2,454,784 | 2,415,155 | 1.6 | % | 12,494,676 | 12,924,231 | (3.3 | ) | % | ||||||||
Pacific | 1,336,841 | 1,084,526 | 23.3 | % | 6,277,205 | 5,037,397 | 24.6 | % | |||||||||
International | 6,870,320 | 6,210,693 | 10.6 | % | 28,800,263 | 27,639,250 | 4.2 | % | |||||||||
Mainline | 17,798,273 | 17,301,207 | 2.9 | % | 79,571,677 | 79,515,828 | 0.1 | % | |||||||||
Regional | 2,137,770 | 2,135,092 | 0.1 | % | 9,937,139 | 9,720,140 | 2.2 | % | |||||||||
Total Revenue Passenger Miles | 19,936,043 | 19,436,299 | 2.6 | % | 89,508,816 | 89,235,968 | 0.3 | % | |||||||||
Available Seat Miles (000) | |||||||||||||||||
Domestic | 12,781,738 | 12,886,209 | (0.8 | ) | % | 60,662,359 | 61,705,281 | (1.7 | ) | % | |||||||
Atlantic | 3,939,159 | 3,785,471 | 4.1 | % | 13,387,381 | 13,743,173 | (2.6 | ) | % | ||||||||
Latin America | 3,180,658 | 3,036,614 | 4.7 | % | 16,234,136 | 16,746,815 | (3.1 | ) | % | ||||||||
Pacific | 1,609,467 | 1,316,055 | 22.3 | % | 7,744,371 | 6,173,051 | 25.5 | % | |||||||||
International | 8,729,284 | 8,138,140 | 7.3 | % | 37,365,888 | 36,663,039 | 1.9 | % | |||||||||
Mainline | 21,511,022 | 21,024,349 | 2.3 | % | 98,028,247 | 98,368,320 | (0.3 | ) | % | ||||||||
Regional | 2,776,724 | 2,710,834 | 2.4 | % | 13,204,164 | 12,855,364 | 2.7 | % | |||||||||
Total Available Seat Miles | 24,287,746 | 23,735,183 | 2.3 | % | 111,232,411 | 111,223,684 | - | % | |||||||||
Load Factor (%) | |||||||||||||||||
Domestic | 85.5 | 86.1 | (0.6 | ) | pts | 83.7 | 84.1 | (0.4 | ) | pts | |||||||
Atlantic | 78.2 | 71.6 | 6.6 | pts | 74.9 | 70.4 | 4.5 | pts | |||||||||
Latin America | 77.2 | 79.5 | (2.3 | ) | pts | 77.0 | 77.2 | (0.2 | ) | pts | |||||||
Pacific | 83.1 | 82.4 | 0.7 | pts | 81.1 | 81.6 | (0.5 | ) | pts | ||||||||
International | 78.7 | 76.3 | 2.4 | pts | 77.1 | 75.4 | 1.7 | pts | |||||||||
Mainline | 82.7 | 82.3 | 0.4 | pts | 81.2 | 80.8 | 0.4 | pts | |||||||||
Regional | 77.0 | 78.8 | (1.8 | ) | pts | 75.3 | 75.6 | (0.3 | ) | pts | |||||||
Total Load Factor | 82.1 | 81.9 | 0.2 | pts | 80.5 | 80.2 | 0.3 | pts | |||||||||
Enplanements | |||||||||||||||||
Mainline | 12,690,517 | 12,648,957 | 0.3 | % | 58,512,785 | 59,066,442 | (0.9 | ) | % | ||||||||
Regional | 4,735,411 | 4,782,978 | (1.0 | ) | % | 21,806,910 | 21,682,515 | 0.6 | % | ||||||||
Total Enplanements | 17,425,928 | 17,431,935 | - | % | 80,319,695 | 80,748,957 | (0.5 | ) | % | ||||||||
System Cargo Ton Miles (000) | 238,792 | 204,390 | 16.8 | % | 1,084,618 | 950,280 | 14.1 | % | |||||||||
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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Cautionary Statement Regarding Forward-Looking Statements and Information
Certain of the statements contained in this report should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended (the Securities Act), the Securities Exchange Act of 1934, as amended (the Exchange Act), and 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 second quarter pre-tax margin, the expected change in total revenue per available seat mile, statements about our plans, objectives, expectations, intentions, estimates and strategies for the future, and other statements that are not historical facts. These forward-looking statements are based on our 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 our Quarterly Report on Form 10-Q for the quarter ended
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