American Airlines Group Reports Record August Traffic Results

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| Source: American Airlines Group, Inc.

FORT WORTH, Texas, Sept. 12, 2017 (GLOBE NEWSWIRE) -- American Airlines Group (NASDAQ:AAL) today reported August and year-to-date 2017 traffic results.

American Airlines Group’s total revenue passenger miles (RPMs) were a record 21.2 billion, up 3.7 percent versus August 2016. Total capacity was 25.5 billion available seat miles (ASMs), up 3.2 percent versus August 2016. Total passenger load factor was 83.3 percent, up 0.4 percentage points versus August 2016.

As of the end of August, the company’s estimate for its third quarter total revenue per available seat mile (TRASM) was in line with prior guidance of up 0.5 percent to up 2.5 percent year-over-year. However, Hurricane Irma caused closures at 40 airports in Florida and the Caribbean, including the company’s hub at Miami International Airport, and resulted in more than 5,000 flight cancellations. Based on preliminary estimates of the financial impact of the storm, the company now expects its third quarter 2017 TRASM to be approximately flat to up one percent year-over-year. Including the impact of higher fuel costs for the quarter, the company now expects its third quarter 2017 pre-tax margin excluding special items1 to be between 8.5 percent and 10.5 percent vs. the company’s previous guidance of between 10 percent and 12 percent. The company continues to believe that fourth quarter TRASM growth will exceed third quarter growth.

The following summarizes American Airlines Group traffic results for the month ended August 31, 2017, and 2016, consisting of mainline-operated flights, wholly owned regional subsidiaries and operating results from capacity purchase agreements.

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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 
  2017 2016 Change   2017 2016 Change  
                 
Revenue Passenger Miles (000)   
 Domestic  11,609,063   11,373,008   2.1 %   85,861,539   87,386,675   (1.7)%
   Atlantic  3,406,799   3,110,575   9.5 %   20,116,110   18,968,026   6.1 %
   Latin America  2,597,779   2,577,382   0.8 %   20,632,813   20,894,889   (1.3)%
   Pacific  1,350,898    1,193,365    13.2 %   10,372,751    8,586,530    20.8 %
 International  7,355,476    6,881,322    6.9 %   51,121,674    48,449,445    5.5 %
 Mainline   18,964,539   18,254,330   3.9 %   136,983,213   135,836,120   0.8 %
 Regional  2,232,218    2,188,605    2.0 %   16,656,045    16,424,662    1.4 %
 Total Revenue Passenger Miles       21,196,757       20,442,935    3.7 %      153,639,258       152,260,782    0.9 %
          
Available Seat Miles (000)         
 Domestic  13,603,576   13,400,360   1.5 %   101,293,233   102,607,200   (1.3)%
   Atlantic  4,175,459   3,937,567   6.0 %   25,657,287   25,464,478   0.8 %
   Latin America  3,200,350   3,125,968   2.4 %   26,194,989   26,456,105   (1.0)%
   Pacific  1,560,657    1,392,990    12.0 %   12,530,397    10,263,769    22.1 %
 International  8,936,466    8,456,525    5.7 %   64,382,673    62,184,352    3.5 %
 Mainline   22,540,042   21,856,885   3.1 %   165,675,906   164,791,552   0.5 %
 Regional  2,913,587    2,799,096    4.1 %   21,831,540    21,175,862    3.1 %
 Total Available Seat Miles  25,453,629    24,655,981    3.2 %   187,507,446    185,967,414    0.8 %
          
Load Factor (%)         
 Domestic  85.3   84.9 0.4 pts  84.8   85.2 (0.4)pts
   Atlantic  81.6   79.0 2.6 pts  78.4   74.5 3.9 pts
   Latin America  81.2   82.5 (1.3)pts  78.8   79.0 (0.2)pts
   Pacific  86.6   85.7 0.9 pts  82.8   83.7 (0.9)pts
 International  82.3   81.4 0.9 pts  79.4   77.9 1.5 pts
 Mainline   84.1   83.5 0.6 pts  82.7   82.4 0.3 pts
 Regional  76.6   78.2 (1.6)pts  76.3   77.6 (1.3)pts
 Total Load Factor  83.3   82.9 0.4 pts  81.9   81.9   -  pts
            
Enplanements           
 Mainline  13,116,461   12,737,141   3.0 %   98,087,295   98,581,855   (0.5)%
 Regional  4,876,730    4,860,107    0.3 %   36,391,492    36,478,924    (0.2)%
 Total Enplanements  17,993,191   17,597,248   2.3 %   134,478,787   135,060,779   (0.4)%
            
System Cargo Ton Miles (000)  236,861   192,801   22.9 %   1,802,910   1,547,121   16.5 %
       
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 Group 
American 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.

Cautionary Statement Regarding Forward-Looking Statements and Information 
This document includes forward-looking statements within the meaning of 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 third quarter pre-tax margin, statements about the expected change in total revenue per available seat mile, statements about the company’s plans, objectives, estimates, expectations and intentions, and other statements that are not historical facts. These forward-looking statements are based on the company’s 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 the company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2017 (especially in Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations, and Part II, Item 1A. Risk Factors) and in the company’s other filings with the Securities and Exchange Commission (the SEC), and other risks and uncertainties listed from time to time in the company’s other filings with the SEC. There may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statements.

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