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American Airlines Group Reports Record August Traffic Results

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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Investor Relations
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Source:American Airlines Group, Inc.