American Airlines Group reports record 1Q2014 financial results

American Airlines Group revenue up 6% - financial highlights for three months ended 31-Mar-2014:

• Total operating revenue: USD9995 million, +5.6% year-on-year;
• Total operating costs: USD9265 million, -0.3%;
• • Fuel: USD2711 million, -3.0%;
  • Labour: USD2119 million, +12.7%;
• Operating profit: USD730 million, +322%;
• Net profit: USD480 million, compared to a loss of USD297 million in p-c-p;
• Passenger traffic (RPMs): +1.7%;
• Passenger load factor: 80.3%, -0.2 ppt;
• Yield: USD 17.0 cents, +3.2%;
• Passenger revenue per ASM: USD 13.67 cents, +2.9%;
• Total revenue per ASM: USD 15.77 cents, +3.5%;
• Cargo yield: USD 36.88 cents, -6.3%;
• Operating cost per ASM: USD 14.62 cents, -2.3%;
• Cost per ASM excl fuel items and fuel: USD 9.76 cents, +3.7%;
• Total assets: USD43,737 million;
• Cash: USD1259 million;
• Total liabilities: USD42,642 million. [more - original PR]

American Airlines Group: "We are very pleased to report a record profit in our first full quarter as a merged company. Our team of dedicated professionals did an excellent job of taking care of our customers despite particularly difficult weather conditions throughout the quarter. We are excited for the future and expect our synergies to build as we continue to integrate our operations," Doug Parker, CEO. Source: Company statement, 24-Apr-2014.