American Airlines Group reports record 4Q and full year profit in 2014

American Airlines Group revenue up 2% - financial highlights:

• Three months ended 31-Dec-2014:
• • Total operating revenue: USD10,160 million, +1.8% year-on-year;
  • Total operating costs: USD9300 million, -4.1%;
  • • Fuel*: USD2659 million, -17.3%;
    • Labour: USD2089 million, +4.2%;
  • Operating profit: USD860 million, +199%;
  • Net profit: USD597 million, compared to a loss of USD1947 million in p-c-p;
  • Passenger enplanements: 48.3 million, +1.3%;
  • Passenger load factor: 80.1%, -1.6 ppts;
  • Yield: USD 16.84 cents, +0.9%;
  • Passenger revenue per ASM: USD 13.50 cents, -1.0%;
  • Total revenue per ASM: USD 15.62 cents, +0.4%;
  • Cargo yield: USD 37.95 cents, -0.3%;
  • Operating cost per AMS: USD 14.30 cents, -5.7%;
• 12 months ended 31-Dec-2014:
• • Total operating revenue: USD42,650 million, +5.5%;
  • Total operating costs: USD38,401 million, +1.5%;
  • • Fuel*: USD12,601 million, -4.7%;
    • Labour: USD8508 million, +7.9%;
  • Operating profit: USD4249 million, +65%;
  • Net profit: USD2882 million, compared to a loss of USD1233 million in p-c-p;
  • Passenger enplanements: 197.3 million, +1.9%;
  • Passenger load factor: 82.0%, -0.9 ppt;
  • Yield: USD 17.04 cents, +3.3%;
  • Passenger revenue per ASM: USD 13.97 cents, +2.2%;
  • Total revenue per ASM: USD 16.05 cents, +3.3%;
  • Cargo yield: USD 37.50 cents, -0.6%;
  • Operating cost per ASM: USD 14.45 cents, -0.7%;
  • Total assets: USD43,771 million;
  • Cash: USD994 million;
  • Total liabilities: USD41,752 million. [more - original PR - I] [more - original PR - II]

*Includes fuel expense for its regional operations

American Airlines Group: "We have much to do in the year ahead as we continue to integrate two large carriers. The results we have achieved thus far, combined with our economic outlook, give us confidence that 2015 will be another outstanding year for American Airlines," Doug Parker, Chairman and CEO. Source: Company statement, 27-Jan-2015.