American Posts Modest Revenue Increase for Q1, Defers Airbus A350 Deliveries

By Jesse Sokolow on 27 April 2017
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DSC_0591American Airlines Group announced financial results for the first quarter of 2017.

The airline reported a total revenue of $9.6 billion, a 2% increase from last year’s $9.4 billion.

Net income was $234 million, a significant decrease of 66.6% from $700 million during the same period last year.

The carrier’s total domestic traffic for the quarter was 35.3 million RPMs, or revenue passenger miles, a drop of 1.8% from 35.9 million RPMs in the first quarter of 2016. International traffic was 15.7 million RPMs, 0.9% less than last year’s 15.8 million.

Domestic capacity was 43.6 million ASMs, or available seat miles, 1% less than 44 million ASMs last year. Total international capacity was 20.7 million ASMs, a 1.2% decline from 21 million in 2016.

The carrier’s domestic load factor for the quarter was 81%, 0.6 percentage points less than 81.6% in 2016, while its international load factor increased by 0.2 percentage points, up to 75.5% from 75.3%.

The airline also said it would defer initial deliveries of its Airbus A350 XWB from to 2020, thereby delaying capital expenditures for the aircraft.

(Photo: Accura Media Group)

 

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