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American Airlines Group Reports Record August 2017 Traffic Results
Source: American Airlines
12/09/2017

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.
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