American Airlines Group Reports February Traffic Results

           American Airlines Group Reports February Traffic Results

PR Newswire

FORT WORTH, Texas, March 10, 2014

FORT WORTH, Texas, March 10, 2014 /PRNewswire/ -- American Airlines Group
(NASDAQ: AAL) today reported February 2014 traffic results.

American Airlines logo.

American Airlines Group's total revenue passenger miles (RPMs) for the month
were 15.1 billion, up 0.5 percent versus February 2013. Total capacity was
19.2 billion 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.

Despite these weather-related difficulties, unit revenue remains strong and
the company continues to expect first quarter 2014 PRASM to be up
approximately 2 percent to 4 percent versus first quarter 2013.

The following summarizes American Airlines Group traffic results for the month
and year-to-date ended Feb. 28, 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.

 American Airlines Group Traffic Results
               February (a)                     Year to Date (a)
               2014       2013       Change     2014       2013       Change
Revenue
Passenger
Miles (000)
 Domestic      9,012,943  8,999,142  0.2    %   19,090,471 18,796,241 1.6    %
  Atlantic   1,423,231  1,373,357  3.6    %   3,243,851  3,063,164  5.9    %
  Latin      2,599,135  2,575,914  0.9    %   5,759,416  5,532,337  4.1    %
 America
  Pacific    501,264    520,393    (3.7)  %   1,117,517  1,119,141  (0.1)  %
 International 4,523,630  4,469,664  1.2    %   10,120,784 9,714,642  4.2    %
 Mainline     13,536,573 13,468,806 0.5    %   29,211,255 28,510,883 2.5    %
 Regional      1,539,617  1,539,454  -      %   3,169,918  3,172,020  (0.1)  %
 Total Revenue
 Passenger     15,076,190 15,008,260 0.5    %   32,381,173 31,682,903 2.2    %
 Miles
Available Seat
Miles (000)
 Domestic      10,863,793 10,930,729 (0.6)  %   23,105,699 22,996,135 0.5    %
  Atlantic   2,203,571  2,069,678  6.5    %   4,677,986  4,359,712  7.3    %
  Latin      3,522,419  3,327,983  5.8    %   7,457,677  6,990,174  6.7    %
 America
  Pacific    631,002    666,591    (5.3)  %   1,350,561  1,409,173  (4.2)  %
 International 6,356,992  6,064,252  4.8    %   13,486,224 12,759,059 5.7    %
 Mainline     17,220,785 16,994,981 1.3    %   36,591,923 35,755,194 2.3    %
 Regional      1,998,129  2,079,949  (3.9)  %   4,184,698  4,389,796  (4.7)  %
 Total
 Available     19,218,914 19,074,930 0.8    %   40,776,621 40,144,990 1.6    %
 Seat Miles
Load Factor
(%)
 Domestic      83.0       82.3       0.7    pts 82.6       81.7       0.9    pts
  Atlantic   64.6       66.4       (1.8)  pts 69.3       70.3       (1.0)  pts
  Latin      73.8       77.4       (3.6)  pts 77.2       79.1       (1.9)  pts
 America
  Pacific    79.4       78.1       1.3    pts 82.7       79.4       3.3    pts
 International 71.2       73.7       (2.5)  pts 75.0       76.1       (1.1)  pts
 Mainline     78.6       79.3       (0.7)  pts 79.8       79.7       0.1    pts
 Regional      77.1       74.0       3.1    pts 75.8       72.3       3.5    pts
 Total Load    78.4       78.7       (0.3)  pts 79.4       78.9       0.5    pts
 Factor
Enplanements
 Mainline      10,405,264 10,472,665 (0.6)  %   22,136,587 21,838,570 1.4    %
 Regional      3,553,335  3,627,863  (2.1)  %   7,309,488  7,443,898  (1.8)  %
 Total         13,958,599 14,100,528 (1.0)  %   29,446,075 29,282,468 0.6    %
 Enplanements
System Cargo
Ton Miles      173,529    156,097    11.2   %   347,332    308,561    12.6   %
(000)

      Represents the combined traffic results of American and US Airways. For
(a)   further information regarding the methodology usedto produce combined
      historical results, please see our earnings press release dated January 28,
      2014 which can be found at
      http://www.sec.gov/Archives/edgar/data/4515/000119312514023249/d662869d8k.htm.
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 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 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. 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 @USAirwaysand
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," "if
current trends continue," "optimistic," "forecast" and other similar words.
Such statements include, but are not limited to, statements about the expected
increase in PRASM, and other statements that are not historical facts. These
forward-looking statements are based on the current objectives, beliefs and
expectations of American Airlines Group Inc. (formerly named AMR Corporation)
(the "Company"), 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: significant operating
losses in the future; downturns in economic conditions that adversely affect
the Company's business; the impact of continued periods of high volatility in
fuel costs, increased fuel prices and significant disruptions in the supply of
aircraft fuel; competitive practices in the industry, including the impact of
low cost carriers, airline alliances and industry consolidation; the
challenges and costs of integrating operations and realizing anticipated
synergies and other benefits of the merger transaction with US Airways Group,
Inc.; the Company's substantial indebtedness and other obligations and the
effect they could have on the Company's business and liquidity; an inability
to obtain sufficient financing or other capital to operate successfully and in
accordance with the Company's current business plan; increased costs of
financing, a reduction in the availability of financing and fluctuations in
interest rates; the effect the Company's high level of fixed obligations may
have on its ability to fund general corporate requirements, obtain additional
financing and respond to competitive developments and adverse economic and
industry conditions; the Company's significant pension and other
post-employment benefit funding obligations; the impact of any failure to
comply with the covenants contained in financing arrangements; provisions in
credit card processing and other commercial agreements that may materially
reduce the Company's liquidity; the limitations of the Company's historical
consolidated financial information, which is not directly comparable to its
financial information for prior or future periods; the impact of union
disputes, employee strikes and other labor-related disruptions; any inability
to maintain labor costs at competitive levels; interruptions or disruptions in
service at one or more of the Company's hub airports; any inability to obtain
and maintain adequate facilities, infrastructure and slots to operate the
Company's flight schedule and expand or change its route network; the
Company's reliance on third-party regional operators or third-party service
providers that have the ability to affect the Company's revenue and the
public's perception about its services; any inability to effectively manage
the costs, rights and functionality of third-party distribution channels on
which the Company relies; extensive government regulation, which may result in
increases in the Company's costs, disruptions to the Company's operations,
limits on the Company's operating flexibility, reductions in the demand for
air travel, and competitive disadvantages; the impact of the heavy taxation to
which the airline industry is subject; changes to the Company's business model
that may not successfully increase revenues and may cause operational
difficulties or decreased demand; the loss of key personnel or inability to
attract and retain additional qualified personnel; the impact of conflicts
overseas, terrorist attacks and ongoing security concerns; the global scope of
the Company's business and any associated economic and political instability
or adverse effects of events, circumstances or government actions beyond its
control, including the impact of foreign currency exchange rate fluctuations
and limitations on the repatriation of cash held in foreign countries; the
impact of environmental regulation; the Company's reliance on technology and
automated systems and the impact of any failure of these technologies or
systems; challenges in integrating the Company's computer, communications and
other technology systems; costs of ongoing data security compliance
requirements and the impact of any significant data security breach; losses
and adverse publicity stemming from any accident involving any of the
Company's aircraft or the aircraft of its regional or codeshare operators;
delays in scheduled aircraft deliveries, or other loss of anticipated fleet
capacity, and failure of new aircraft to perform as expected; the Company's
dependence on a limited number of suppliers for aircraft, aircraft engines and
parts; the impact of changing economic and other conditions beyond the
Company's control, including global events that affect travel behavior such as
an outbreak of a contagious disease, and volatility and fluctuations in the
Company's results of operations due to seasonality; the effect of a higher
than normal number of pilot retirements and a potential shortage of pilots;
the impact of possible future increases in insurance costs or reductions in
available insurance coverage; the effect of several lawsuits that were filed
in connection with the merger transaction with US Airways Group, Inc. and
remain pending; an inability to use NOL carryforwards; any impairment in the
amount of goodwill the Company recorded as a result of the application of the
acquisition method of accounting and an inability to realize the full value of
the Company's and American Airlines' respective intangible or long-lived
assets and any material impairment charges that would be recorded as a result;
price volatility of the Company's common stock; delay or prevention of
stockholders' ability to change the composition of the Company's board of
directors and the effect this may have on takeover attempts that some of the
Company's stockholders might consider beneficial; the effect of provisions of
the Company's Certificate of Incorporation and Bylaws that limit foreign
owners' ability to vote and own its equity interests, including its common
stock, its preferred stock and convertible notes; the effect of limitations in
the Company's Certificate of Incorporation on acquisitions and dispositions of
its common stock designed to protect its NOL carryforwards and certain other
tax attributes, which may limit the liquidity of its common stock; and other
economic, business, competitive, and/or regulatory factors affecting the
Company's business, including those set forth in the filings of US Airways
Group, Inc. 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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SOURCE American Airlines Group

Contact: Daniel Cravens, 817-931-3423, Investor.relations@aa.com
 
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