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American Airlines’ revenue passenger miles slip in 2016

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FORT WORTH: American Airlines Group has 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 %

 

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