Stock Update (NASDAQ:AAL): American Airlines Group Inc Reports May Traffic Results


American Airlines Group Inc (NASDAQ:AAL) reported May 2015 and year-to-date traffic results.

American Airlines Group’s total revenue passenger miles (RPMs) for the month were 19.3 billion, up 0.7 percent versus May 2014. Total capacity was 23.3 billion available seat miles (ASMs), up 2.1 percent versus May 2014. Total passenger load factor was 82.8 percent for the month of May, down 1.2 percentage points versus May 2014.

Based on two months of actual data and one month of forecast, the Company expects its second quarter 2015 consolidated passenger revenue per available seat mile (PRASM) to be down approximately 6 to 8 percent. In addition, the Company expects its second quarter fuel price to be approximately $1.86 to $1.91 per gallon. The Company now expects its second quarter pretax margin excluding special items to be between 16 and 18 percent.

The following summarizes American Airlines Group traffic results for the month and year-to-date ended May 31, 2015 and 2014, consisting of mainline-operated flights, wholly owned regional subsidiaries and operating results from capacity purchase agreements.

 

Combined American and US Airways Traffic Results
MayYear to Date
20152014Change20152014Change
Revenue Passenger Miles (000)
Domestic10,934,16710,973,274(0.4)%51,186,00351,662,067(0.9)%
   Atlantic2,840,2452,882,454(1.5)%9,808,10010,654,907(7.9)%
   Latin America2,496,9132,712,419(7.9)%13,120,01614,069,249(6.7)%
   Pacific960,895661,37245.3%4,039,7612,914,21238.6%
International6,298,0536,256,2450.7%26,967,87727,638,368(2.4)%
Mainline17,232,22017,229,519%78,153,88079,300,435(1.4)%
Regional2,101,1731,973,6896.5%9,431,8228,903,1915.9%
Total Revenue Passenger Miles19,333,39319,203,2080.7%87,585,70288,203,626(0.7)%
Available Seat Miles (000)
Domestic12,728,66412,567,0241.3%60,857,94760,721,0570.2%
   Atlantic3,703,6393,606,6052.7%13,496,99114,107,385(4.3)%
   Latin America3,289,5113,556,897(7.5)%17,110,60118,426,182(7.1)%
   Pacific1,102,902754,10746.3%4,895,2563,553,82437.7%
International8,096,0527,917,6092.3%35,502,84836,087,391(1.6)%
Mainline20,824,71620,484,6331.7%96,360,79596,808,448(0.5)%
Regional2,519,4172,388,1195.5%11,903,53711,298,6875.4%
Total Available Seat Miles23,344,13322,872,7522.1%108,264,332108,107,1350.1%
Load Factor (%)
Domestic85.987.3(1.4)pts84.185.1(1.0)pts
   Atlantic76.779.9(3.2)pts72.775.5(2.8)pts
   Latin America75.976.3(0.4)pts76.776.40.3pts
   Pacific87.187.7(0.6)pts82.582.00.5pts
International77.879.0(1.2)pts76.076.6(0.6)pts
Mainline82.784.1(1.4)pts81.181.9(0.8)pts
Regional83.482.60.8pts79.278.80.4pts
Total Load Factor82.884.0(1.2)pts80.981.6(0.7)pts
Enplanements
Mainline12,549,28712,721,839(1.4)%58,699,69559,787,346(1.8)%
Regional4,900,3344,625,8055.9%21,762,84020,717,3455.0%
Total Enplanements17,449,62117,347,6440.6%80,462,53580,504,691(0.1)%
System Cargo Ton Miles (000)199,609204,982(2.6)%944,947961,646(1.7)%
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.(Original Source)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares of American Airlines closed yesterday at $39.86 . AAL has a 1-year high of $56.20 and a 1-year low of $28.10. The stock’s 50-day moving average is $46.83 and its 200-day moving average is $49.11.

On the ratings front, American Airlines has been the subject of a number of recent research reports. In a report released yesterday, Raymond James analyst Savanthi Syth downgraded AAL to Hold. Separately, on June 3, Merrill Lynch’s Andrew Didora downgraded the stock to Hold and has a price target of $50.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Savanthi Syth and Andrew Didora have a total average return of 14.3% and -7.7% respectively. Syth has a success rate of 64.3% and is ranked #742 out of 3614 analysts, while Didora has a success rate of 22.2% and is ranked #3184.

In total, 3 research analysts have assigned a Hold rating and one research analyst has given a a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $70.00 which is 75.6% above where the stock closed yesterday.

American Airlines Group Inc, through its subsidiaries, operates in the airline industry. The Company has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York City, Philadelphia, Phoenix and Washington, D.C.