American Airlines October Traffic Down 2.6%, But Capacity Up 0.4% 

The FINANCIAL — American Airlines Group on November 9 reported October and year-to-date 2016 traffic results.

American Airlines Group’s total revenue passenger miles (RPMs) were 18.4 billion, down 2.6 percent versus October 2015. Total capacity was 22.3 billion available seat miles (ASMs), up 0.4 percent versus October 2015. Total passenger load factor was 82.6 percent, down 2.6 percentage points versus October 2015.

The Company expects its fourth quarter 2016 total revenue per available seat mile (TRASM) to be down approximately 0.5 to 2.5 percent year-over-year. In addition, the Company expects its fourth quarter pre-tax margin excluding special items[1] to be between 5 and 7 percent. TRASM has improved from prior guidance of down 1 to 3 percent and pre-tax margin has improved from prior guidance of 4 to 6 percent due primarily to improving yields and lower estimated fuel prices resulting from the recent decline in crude oil prices, according to American Airlines.

The following summarizes American Airlines Group traffic results for the month and year-to-date ended October 31, 2016, and 2015, consisting of mainline-operated flights, wholly owned regional subsidiaries and operating results from capacity purchase agreements.