American Airlines Group revenue passenger miles up 0.5%

11 March 2014

American Airlines Group (NASDAQ: AAL) said its total revenue passenger miles for February 2014 were 15.1 billion, up 0.5 percent versus February 2013.

Total capacity was 19.2bn available seat miles (ASMs), up 0.8 percent versus February 2013. Total passenger load factor was 78.4 percent for the month of February, down 0.3 points versus February 2013.

During the first two months of the year, 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 February, the company canceled more than 14,000 flights, up 149 percent versus February 2013. In the first two months of 2014, the company canceled approximately 28,000 flights, a 164 percent increase over the same period in 2013.

The company believes the weather-related cancellations had a slightly positive impact on unit revenue but had a larger negative impact on unit cost and first quarter profitability. The company expects to disclose an estimate of the one-time profitability impact in early April.

American Airlines Group is the holding company for American Airlines and US Airways. Together with American Eagle and US Airways Express, the airlines operate an average of approximately 6,700 flights per day to 338 destinations in 54 countries from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, D.C. Connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines, and follow US Airways on Twitter @USAirways and at Facebook.com/USAirways.

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