American Airlines Group Reports March 2014 Traffic Results

FORT WORTH, Texas, April 8, 2014 /PRNewswire/ — American Airlines Group (NASDAQ: AAL) today reported March 2014 and year-to-date traffic results.

American Airlines Group’s total revenue passenger miles (RPMs) for the month were 18.5 billion, up 0.9 percent versus March 2013. Total capacity was 22.6 billion available seat miles (ASMs), up 2.9 percent versus March 2013. Total passenger load factor was 81.8 percent for the month of March, down 1.6 points versus March 2013.

As previously disclosed, the company’s operations were significantly impacted by severe weather at its hubs in Charlotte, Chicago, Dallas/Fort Worth, New York, Philadelphia, and Washington, D.C. In total, the company canceled more than 34,000 flights in the first quarter. The company estimates these weather-related cancellations reduced first quarter revenue by approximately $115 million and reduced first quarter operating profit by approximately $60 million. The company now expects its first quarter operating margin to be approximately 5 percent to 7 percent.

The company expects first quarter 2014 PRASM to be up approximately 2.5 percent to 3.5 percent versus the same period last year. For more financial forecasting detail, please refer to the company’s investor relations update also filed this morning on SEC Form 8-K.

The following summarizes American Airlines Group traffic results for the month and year-to-date ended March 31, 2014 and 2013, consisting of mainline-operated flights, wholly owned regional subsidiaries and operating results from capacity purchase agreements.

The company believes it is more meaningful to compare year-over-year results for American Airlines and US Airways on a combined basis. Accordingly, the traffic results provided above and in the enclosed table combine the traffic results for AMR Corporation and US Airways Group for all periods presented. See the accompanying notes for further explanation of this presentation.