EX-99.1 2 d656101dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

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Corporate Communications

817-967-1577

mediarelations@aa.com

FOR RELEASE: Thursday, January 9, 2014

AMERICAN AIRLINES GROUP REPORTS DECEMBER TRAFFIC RESULTS

American Airlines Group (NASDAQ: AAL) today reported December 2013 traffic results for both American Airlines and US Airways.

American’s consolidated passenger revenue per available seat mile (PRASM) for the month of December increased approximately 9 percent versus the same period last year. American’s consolidated revenue passenger miles (RPMs) for the month were 11.9 billion, up 5.0 percent versus December 2012. Consolidated capacity was 14.2 billion available seat miles (ASMs), up 1.1 percent versus December 2012. Consolidated passenger load factor was 83.3 percent for the month of December, up 3.1 points versus December 2012.

US Airways’ consolidated passenger revenue per available seat mile (PRASM) for the month of December increased approximately 12 percent versus the same period last year. US Airways’ consolidated revenue passenger miles (RPMs) for the month were 6.3 billion, up 7.0 percent versus December 2012. Consolidated capacity was 7.4 billion available seat miles (ASMs), up 3.6 percent versus December 2012. Consolidated passenger load factor was 84.7 percent for the month of December, up 2.7 points versus December 2012.

The following summarizes American Airlines and US Airways traffic results for the month and full-year ended December 2013 and 2012, consisting of mainline-operated flights, wholly-owned regional subsidiaries, and operating results from capacity purchase agreements.

 

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American Airlines Group Reports December Traffic Results

Jan. 9, 2014

Page 2

 

American Traffic Results

 

     December     Year to Date  
     2013      2012      Change     2013      2012      Change  

Revenue Passenger Miles (000)

                

Domestic

     6,292,855         6,210,656         1.3     75,222,452         75,206,608         —  

Atlantic

     1,465,682         1,279,990         14.5     18,507,004         18,453,435         0.3

Latin America

     2,605,114         2,361,372         10.3     26,800,334         25,219,881         6.3

Pacific

     609,028         619,746         (1.7 )%      7,882,915         7,526,130         4.7
  

 

 

    

 

 

      

 

 

    

 

 

    

International

     4,679,824         4,261,108         9.8     53,190,253         51,199,446         3.9
  

 

 

    

 

 

      

 

 

    

 

 

    

Mainline

     10,972,679         10,471,764         4.8     128,412,705         126,406,054         1.6

Regional

     889,280         830,101         7.1     10,464,675         10,213,998         2.5
  

 

 

    

 

 

      

 

 

    

 

 

    

Total Revenue Passenger Miles

     11,861,959         11,301,865         5.0     138,877,380         136,620,052         1.7
  

 

 

    

 

 

      

 

 

    

 

 

    

Available Seat Miles (000)

                

Domestic

     7,429,325         7,608,991         (2.4 )%      89,267,884         89,853,411         (0.7 )% 

Atlantic

     1,753,495         1,536,702         14.1     22,084,539         22,273,368         (0.8 )% 

Latin America

     3,234,118         3,077,742         5.1     33,546,424         31,365,357         7.0

Pacific

     704,779         759,022         (7.1 )%      9,600,509         9,136,268         5.1
  

 

 

    

 

 

      

 

 

    

 

 

    

International

     5,692,392         5,373,466         5.9     65,231,472         62,774,993         3.9
  

 

 

    

 

 

      

 

 

    

 

 

    

Mainline

     13,121,717         12,982,457         1.1     154,499,356         152,628,404         1.2

Regional

     1,126,494         1,115,195         1.0     13,840,611         13,595,449         1.8
  

 

 

    

 

 

      

 

 

    

 

 

    

Total Available Seat Miles

     14,248,211         14,097,652         1.1     168,339,967         166,223,853         1.3
  

 

 

    

 

 

      

 

 

    

 

 

    

Load Factor (%)

                

Domestic

     84.7         81.6         3.1  pts      84.3         83.7         0.6  pts 

Atlantic

     83.6         83.3         0.3  pts      83.8         82.8         1.0  pts 

Latin America

     80.6         76.7         3.9  pts      79.9         80.4         (0.5 ) pts 

Pacific

     86.4         81.7         4.7  pts      82.1         82.4         (0.3 ) pts 

International

     82.2         79.3         2.9  pts      81.5         81.6         (0.1 ) pts 

Mainline

     83.6         80.7         2.9  pts      83.1         82.8         0.3  pts 

Regional

     78.9         74.4         4.5  pts      75.6         75.1         0.5  pts 

Total Load Factor

     83.3         80.2         3.1  pts      82.5         82.2         0.3  pts 

Enplanements

                

Mainline

     7,347,502         7,220,907         1.8     87,001,722         86,464,899         0.6

Regional

     1,804,011         1,732,897         4.1     21,733,693         21,488,120         1.1
  

 

 

    

 

 

      

 

 

    

 

 

    

Total Enplanements

     9,151,513         8,953,804         2.2     108,735,415         107,953,019         0.7

System Cargo Ton Miles (000)

     168,853         149,505         12.9     1,836,546         1,761,430         4.3

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.
4) Beginning with the June 2013 traffic release, data includes charter services.


American Airlines Group Reports December Traffic Results

Jan. 9, 2014

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US Airways Traffic Results

 

     December     Year to Date  
     2013      2012      Change     2013      2012      Change  

Revenue Passenger Miles (000)

                

Domestic

     4,224,334         3,887,511         8.7     49,053,852         46,661,682         5.1

Atlantic

     648,858         650,433         (0.2 )%      11,177,988         10,740,555         4.1

Latin America

     491,330         433,224         13.4     5,381,231         5,032,860         6.9

Pacific

     —           —           —       —           —           —  
  

 

 

    

 

 

      

 

 

    

 

 

    

International

     1,140,188         1,083,657         5.2     16,559,219         15,773,415         5.0
  

 

 

    

 

 

      

 

 

    

 

 

    

Mainline

     5,364,522         4,971,168         7.9     65,613,071         62,435,097         5.1

Regional

     920,983         901,970         2.1     11,049,600         10,882,735         1.5
  

 

 

    

 

 

      

 

 

    

 

 

    

Total Revenue Passenger Miles

     6,285,505         5,873,138         7.0     76,662,671         73,317,832         4.6
  

 

 

    

 

 

      

 

 

    

 

 

    

Available Seat Miles (000)

                

Domestic

     4,818,098         4,588,645         5.0     56,956,308         54,508,332         4.5

Atlantic

     848,104         849,256         (0.1 )%      13,882,310         13,604,210         2.0

Latin America

     598,966         547,321         9.4     6,534,887         6,098,561         7.2

Pacific

     —           —           —       —           —           —  
  

 

 

    

 

 

      

 

 

    

 

 

    

International

     1,447,070         1,396,577         3.6     20,417,197         19,702,771         3.6
  

 

 

    

 

 

      

 

 

    

 

 

    

Mainline

     6,265,168         5,985,222         4.7     77,373,505         74,211,103         4.3

Regional

     1,152,724         1,173,264         (1.8 )%      14,200,264         14,213,848         (0.1 )% 
  

 

 

    

 

 

      

 

 

    

 

 

    

Total Available Seat Miles

     7,417,892         7,158,486         3.6     91,573,769         88,424,951         3.6
  

 

 

    

 

 

      

 

 

    

 

 

    

Load Factor (%)

                

Domestic

     87.7         84.7         3.0  pts      86.1         85.6         0.5  pts 

Atlantic

     76.5         76.6         (0.1 ) pts      80.5         79.0         1.5  pts 

Latin America

     82.0         79.2         2.8  pts      82.3         82.5         (0.2 ) pts 

Pacific

     —           —           —   pts      —           —           —   pts 

International

     78.8         77.6         1.2  pts      81.1         80.1         1.0  pts 

Mainline

     85.6         83.1         2.5  pts      84.8         84.1         0.7  pts 

Regional

     79.9         76.9         3.0  pts      77.8         76.6         1.2  pts 

Total Load Factor

     84.7         82.0         2.7  pts      83.7         82.9         0.8  pts 

Enplanements

                

Mainline

     4,798,226         4,400,918         9.0     56,745,758         54,276,800         4.5

Regional

     2,359,156         2,300,856         2.5     28,258,652         28,269,320         —  
  

 

 

    

 

 

      

 

 

    

 

 

    

Total Enplanements

     7,157,382         6,701,774         6.8     85,004,410         82,546,120         3.0

System Cargo Ton Miles (000)

     31,413         32,917         (4.6 )%      370,136         344,426         7.5

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.


American Airlines Group Reports December Traffic Results

Jan. 9, 2014

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Combined American and US Airways Traffic Results

 

     December     Year to Date  
     2013      2012      Change     2013      2012      Change  

Revenue Passenger Miles (000)

                

Domestic

     10,517,189         10,098,167         4.1     124,276,304         121,868,290         2.0

Atlantic

     2,114,540         1,930,423         9.5     29,684,992         29,193,990         1.7

Latin America

     3,096,444         2,794,596         10.8     32,181,565         30,252,741         6.4

Pacific

     609,028         619,746         (1.7 )%      7,882,915         7,526,130         4.7
  

 

 

    

 

 

      

 

 

    

 

 

    

International

     5,820,012         5,344,765         8.9     69,749,472         66,972,861         4.1
  

 

 

    

 

 

      

 

 

    

 

 

    

Mainline

     16,337,201         15,442,932         5.8     194,025,776         188,841,151         2.7

Regional

     1,810,263         1,732,071         4.5     21,514,275         21,096,733         2.0
  

 

 

    

 

 

      

 

 

    

 

 

    

Total Revenue Passenger Miles

     18,147,464         17,175,003         5.7     215,540,051         209,937,884         2.7
  

 

 

    

 

 

      

 

 

    

 

 

    

Available Seat Miles (000)

                

Domestic

     12,247,423         12,197,636         0.4     146,224,192         144,361,743         1.3

Atlantic

     2,601,599         2,385,958         9.0     35,966,849         35,877,578         0.2

Latin America

     3,833,084         3,625,063         5.7     40,081,311         37,463,918         7.0

Pacific

     704,779         759,022         (7.1 )%      9,600,509         9,136,268         5.1
  

 

 

    

 

 

      

 

 

    

 

 

    

International

     7,139,462         6,770,043         5.5     85,648,669         82,477,764         3.8
  

 

 

    

 

 

      

 

 

    

 

 

    

Mainline

     19,386,885         18,967,679         2.2     231,872,861         226,839,507         2.2

Regional

     2,279,218         2,288,459         (0.4 )%      28,040,875         27,809,297         0.8
  

 

 

    

 

 

      

 

 

    

 

 

    

Total Available Seat Miles

     21,666,103         21,256,138         1.9     259,913,736         254,648,804         2.1
  

 

 

    

 

 

      

 

 

    

 

 

    

Load Factor (%)

                

Domestic

     85.9         82.8         3.1  pts      85.0         84.4         0.6  pts 

Atlantic

     81.3         80.9         0.4  pts      82.5         81.4         1.1  pts 

Latin America

     80.8         77.1         3.7  pts      80.3         80.8         (0.5 ) pts 

Pacific

     86.4         81.7         4.7  pts      82.1         82.4         (0.3 ) pts 

International

     81.5         78.9         2.6  pts      81.4         81.2         0.2  pts 

Mainline

     84.3         81.4         2.9  pts      83.7         83.2         0.5  pts 

Regional

     79.4         75.7         3.7  pts      76.7         75.9         0.8  pts 

Total Load Factor

     83.8         80.8         3.0  pts      82.9         82.4         0.5  pts 

Enplanements

                

Mainline

     12,145,728         11,621,825         4.5     143,747,480         140,741,699         2.1

Regional

     4,163,167         4,033,753         3.2     49,992,345         49,757,440         0.5
  

 

 

    

 

 

      

 

 

    

 

 

    

Total Enplanements

     16,308,895         15,655,578         4.2     193,739,825         190,499,139         1.7

System Cargo Ton Miles (000)

     200,266         182,422         9.8     2,206,682         2,105,856         4.8

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.


American Airlines Group Reports December Traffic Results

Jan. 9, 2014

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About American Airlines Group

American Airlines Group (NASDAQ: AAL) is the holding company for American Airlines and US Airways. Together with American Eagle and US Airways Express, the airlines operate an average of nearly 6,700 flights per day to 339 destinations in 54 countries from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C. The American Airlines AAdvantage and US Airways Dividend Miles programs allow members to earn and redeem miles for travel and everyday purchases as well as flight upgrades, vacation packages, car rentals, hotel stays and other retail products. American is a founding member of the oneworld® alliance, whose members and members-elect serve 981 destinations with 14,244 daily flights to 151 countries. Connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines, and follow US Airways on Twitter @USAirways and at Facebook.com/USAirways.

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,” “forecast” and other similar words. Such statements include, but are not limited to, statements about the benefits of the business combination transaction involving American Airlines Group Inc. (formerly named AMR Corporation) (the “Company”) and US Airways Group, Inc. (“US Airways”), including future financial and operating results, the Company’s plans, objectives, 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. The following factors, among others, could cause actual results and financial position and timing of certain events to differ materially from those described in the forward-looking statements: the challenges and costs of integrating operations and achieving anticipated synergies; the effects of divestitures pursuant to the settlement with the Department of Justice and certain states; the price of, market for and potential market price volatility of the Company’s common stock and preferred stock; the Company’s significant liquidity requirements and substantial levels of indebtedness; the impact of significant operating losses in the future; downturns in economic conditions that adversely affect our business; the impact of the price and availability of fuel and significant disruptions in the supply of aircraft fuel; competitive practices in the industry, including the impact of industry consolidation; increased costs of financing, a reduction in the availability of financing and fluctuations in interest rates; the Company’s high level of fixed obligations and ability to fund general corporate requirements, obtain additional financing and respond to competitive developments; any failure to comply with the liquidity covenants contained in financing arrangements; provisions in credit card processing and other commercial agreements that may affect the Company’s liquidity; the impact of union disputes, employee strikes and other labor-related disruptions; the inability to maintain labor costs at competitive levels; interruptions or


American Airlines Group Reports December Traffic Results

Jan. 9, 2014

Page 6

 

disruptions in service at one or more of the Company’s hub airports; regulatory changes affecting the allocation of slots; the Company’s reliance on third-party regional operators or third-party service providers; the Company’s reliance on and costs, rights and functionality of third-party distribution channels, including those provided by global distribution systems, conventional travel agents and online travel agents; the impact of extensive government regulation; the impact of heavy taxation; the impact of changes to the Company’s business model; the loss of key personnel or inability to attract and retain qualified personnel; the impact of conflicts overseas or terrorist attacks, and the impact of ongoing security concerns; the Company’s ability to operate and grow its route network; the impact of environmental regulation; the Company’s reliance on technology and automated systems and the impact of any failure or disruption of, or delay in, these technologies or systems; costs of ongoing data security compliance requirements and the impact of any significant data security breach; the impact of any accident involving the Company’s aircraft or the aircraft of its regional operators; delays in scheduled aircraft deliveries or other loss of anticipated fleet capacity; the Company’s dependence on a limited number of suppliers for aircraft, aircraft engines and parts; the impact of changing economic and other conditions and seasonality of the Company’s business; the impact of possible future increases in insurance costs or reductions in available insurance coverage; the impact of global events that affect travel behavior, such as an outbreak of a contagious disease; the impact of foreign currency exchange rate fluctuations; the Company’s ability to use NOLs and certain other tax attributes; and other economic, business, competitive, and/or regulatory factors affecting the Company’s business, including those set forth in the filings of US Airways and the Company with the SEC, especially in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of their respective annual reports on Form 10-K and quarterly reports on Form 10-Q, current reports on Form 8-K and other SEC filings. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statements. 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 except as required by law.

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