$AAL (American Airlines Group Inc.)

$AAL {{ '2015-08-13T14:21:23+0000' | timeago}} • SEC

$AAL 2Q15 10-Q: In 1H15, American prepaid $72MM principal amount of outstanding debt secured by certain aircraft. Also in 1H15, AAL entered into loan agreements to borrow $389MM in connection with the financing of certain aircraft deliveries. The notes mature in 2025 through 2027 and bear interest at a rate of LIBOR plus an applicable margin.

$UAL {{ '2017-07-18T21:44:47+0000' | timeago}} • Announcement

$UAL, which competes with its rivals $DAL and $AAL, reported a higher profit in 2Q17. Net income flew high at $818MM, a spike of 39% and diluted EPS surged 49.4% to $2.66. Revenue climbed 6.4% to $10Bil and non-GAAP EPS increased 5.4% to $2.75. Consolidated passenger revenue per available seat mile (PRASM) was up 2.1% in the recently ended quarter.

$AAL {{ '2017-07-12T12:28:47+0000' | timeago}} • Announcement

$AAL's total revenue passenger miles were a record 21Bil for June 2017, up 0.8% from last year. Capacity rose 1.1% to 24.9Bil available seat miles. Total passenger load factor declined 0.2 percentage points to 84.7% from last year. $AAL expects 2Q17 total revenue per available seat mile to be up about 5-6% year-over-year.

$AAL {{ '2017-06-27T20:30:47+0000' | timeago}} • Announcement

$AAL promoted Poonam Mohan to VP, Information Technology. This position was previously held by Patrick O'Keeffe, who was named SVP, People in May 2017.

$AAL {{ '2017-06-27T13:34:50+0000' | timeago}} • Announcement

Airline company $AAL has entered into a partnership with $IBM to use IBM Cloud as the foundation for a massive cloud transformation. It is designed to make internal processes more efficient and adaptable so that site traffic could be handled more effectively. American Airlines will migrate a portion of its critical applications to IBM Cloud.

$AAL {{ '2017-06-09T13:12:57+0000' | timeago}} • Announcement

$AAL’s passenger traffic grew 2.6% annually to $19.9Bil in May 2017, setting a new record. Total capacity advanced 2.3% to 24.3Bil available seat miles. Load factor rose by 0.2 percentage point to 82.1% in May. American Airlines continues to expect its total revenue per available seat miles to grow between 3.5 and 5.5% in 2Q17.

$AAL {{ '2017-05-24T13:30:08+0000' | timeago}} • Announcement

$AAL appointed Nathan Gatten as SVP, Government Affairs. In this role, Gatten will lead the company's federal and international government and regulatory affairs team and the company’s advocacy in Washington and across its global network. Gatten begins his new role later this summer.

$AAL {{ '2017-05-17T16:06:22+0000' | timeago}} • Announcement

$AAL said Bev Goulet, EVP & Chief Integration Officer, will retire in June. Kenji Hashimoto has been named SVP of Finance & Corporate Development and will assume Ms. Goulet’s corporate strategy responsibilities. In this new role, Mr. Hashimoto will oversee the Treasury and Risk Management teams and will report to CFO, Derek Kerr.

$AAL {{ '2017-05-15T13:18:22+0000' | timeago}} • Announcement

$AAL promoted Patrick O’Keeffe to SVP – People, effective June 1. O’Keeffe most recently served as VP – Information Technology and has held a wide range of leadership positions across the airline.

$AAL {{ '2017-05-09T14:12:09+0000' | timeago}} • Announcement

$AAL predicts 2Q17 pre-tax margin excluding special items of 12-14%. Total revenue per available seat mile has improved from prior guidance of up 3-5% and pre-tax margin has improved from prior guidance of 11-13% due primarily to improving yields and lower estimated fuel prices.

$AAL {{ '2017-05-09T14:10:54+0000' | timeago}} • Announcement

$AAL reported revenue passenger miles for the month of April 2017 of 18.6Bil, up 3.1% from last year. Total capacity was 22.6Bil available seat miles, up 0.8% from a year ago. Passenger load factor grew 1.8 percentage points to 82.2%. $AAL expects 2Q17 total revenue per available seat mile to be up about 3.5-5.5% year-over-year.

$AAL {{ '2017-05-08T17:24:42+0000' | timeago}} • Announcement

$AAL promoted Joe Taney to SVP, Hub and Gateway Operations to assume Suzanne Boda's previous position. Cedric Rockamore, VP, Philadelphia (PHL) Hub Operations, will succeed Taney as VP, DFW Hub Operations. Olympia Colasante, MD London Heathrow (LHR) Operations, has been promoted to VP, PHL Hub Operations, assuming Rockamore's prior position.

$AAL {{ '2017-05-08T17:22:35+0000' | timeago}} • Announcement

$AAL appointed Suzanne Boda as SVP, Los Angeles. In this newly created position, Boda will be charged with developing and achieving $AAL's strategic goals as it continues to strengthen its presence in Los Angeles and throughout Southern California. Boda, who joined $AAL in 2008, currently serves as $AAL SVP, Hub and Gateway Operations.

$AAL {{ '2017-04-27T13:58:13+0000' | timeago}} • Webcast

$AAL stated that there will not be a change in the share repurchase and capital allocation because of the increase in labor costs. Higher levels in the debt versus the competitors is driven by the company's younger fleet, $AAL said.

$AAL {{ '2017-04-27T13:32:27+0000' | timeago}} • Webcast

With regards to the pay increase for its crew members, $AAL said that asking the team to work for less than their peers is a big challenge and it is not fair to the team and the leadership. $AAL added that at the time of the merger with US Airways, it has committed the team that it would compensate in line with the competitors.

$AAL {{ '2017-04-27T12:34:51+0000' | timeago}} • Announcement

For 2017, $AAL plans to invest $4.1Bil in new aircraft, as it continues to renew its fleet. During 1Q17, the company invested $1.2Bil for the delivery of 17 mainline aircraft and 5 regional aircraft. $AAL expects to invest $1.6Bil in non-aircraft CapEx in 2017 focused on integrating the airline, product enhancements, and operational improvements.

$AAL {{ '2017-04-27T12:32:27+0000' | timeago}} • Announcement

$AAL increased hourly base pay for the airline's crew members outside of contract negotiations. The company has offered a mid-contract hourly base pay rate adjustment for its flight attendants and pilots of an average of approx. 5% and an average of 8%, respectively.

$AAL {{ '2017-04-27T12:25:31+0000' | timeago}} • Announcement

$AAL's operating expenses were up 11.4% to $9Bil in 1Q17, due to a 37.8% increase in consolidated fuel expense. Cost per available seat mile, excluding fuel and special items, was up 7.6% to 11.16 cents, due to a 6.5% increase in salaries and benefits expense and other investments.

$AAL {{ '2017-04-27T12:20:30+0000' | timeago}} • Announcement

$AAL, which announced a pay increase for its pilots and flight attendants recently, reported a 67% drop in 1Q17 profit, hurt by higher costs. Net income dropped to $234MM or $0.46 per share from $700MM or $1.14 per share in the prior year quarter. Operating revenues inched up 2% to $9.6Bil. Excluding special items, EPS was $0.61.

$AAL {{ '2017-04-11T13:07:25+0000' | timeago}} • Announcement

In 1Q17, $AAL expects TRASM to be up approx 2-4% YoY.  This compares to prior guidance, which had TRASM up approx 1.5-3.5%, and the improvement is driven primarily by higher yields.

$AAL {{ '2017-04-11T13:03:16+0000' | timeago}} • Announcement

In March 2017, $AAL’s total revenue passenger miles were 18.8Bil, down 1.2% versus March 2016. Total capacity was 23Bil available seat miles, down 0.9%. Total passenger load factor was down 0.2 percentage points to 81.5%.

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