Subscribe to Pro or Enterprise plans to unlock this feature.
Become a smarter investor today.
Become a smarter investor today.
This statistic highlights American Airline’s Average Seat Miles, reported on a quarterly basis from Q1 2016 onwards.
American Airlines is the principal subsidiary of AMR Corporation. The company’s passenger division is one of the largest scheduled passenger airlines in the world. Their cargo division is one of the largest scheduled air freight carriers in the world. American operates American Eagle, a group of four small regional airlines that connect passengers from smaller markets into American’s hub system. They operate their primary and largest Maintenance and Repair Operations (MRO) base in Tulsa. American Airlines and American Eagle operate out of 10 hubs with Dallas being the largest. The airline’s segment operates in two divisions – mainline and regional, with the former being the major segment. The company’s passenger segment accounts for more than 90% of the company’s total revenue. The cargo segment accounts for 2% and the other e=services form the remaining. The company has around 1500 aircraft in its fleet. 900 aircraft are used for mainline services and 600 for regional services.
Available seat miles refer to how many seat miles are actually available for purchase on an airline. ASM is a measure of an airplane carrying capacity available to generate revenue.
The ASM for American Airlines has been as follows:
In the first quarter of 2016, the average seat miles had increased to 65.06 billion, 70.75 billion in the second quarter, 71.91 billion in the third quarter, and 65.68 billion in the last quarter.
In the first quarter of 2017, the ASM reduced to 64.34 billion and then increased to 71.74 billion in the second quarter, 73.05 billion in the third quarter, and 67.36 billion in the fourth quarter.
In 2018 the ASM increased to 65.82 billion in the first quarter, 72.89 billion in the second quarter, 75.04 billion in the third quarter, and 68.30 billion by the end of the year.
The ASM increased further in 2019 to 66.67 billion in the first quarter, 72.32 billion in the second quarter, 75.82 billion in the third quarter, and 70.27 billion by the fourth quarter.
The average seat miles have been increasing every year. An increase in average seat miles might potentially increase earnings as the company can accommodate more passengers in their airplanes. The average seat miles have increased from 68.35 billion in 2016 to 69.12 billion in 2017 to 70.51 billion in 2018 and 71.27 billion in 2019. This increase in average seat miles indicates that the company has more room to increase their revenues.
In 2020 though the average seat miles might remain the same the company will not generate revenue on account of the ban on travel due to the current pandemic situation. Almost all airline companies in almost every part of the world are facing a tough situation. Airlines with poor financial stability are facing a solvency crisis. Thanks to American Airline’s strong performance over the year, the airlines is far from facing such a situation.
Did you like American Airline’s Average Seat Miles statistic?
Access more such KPI data points and segment financials on thousands of US stocks, with Business Quant.
You can get started here.
Always know what you’ll pay. No hidden costs or surprises.
* Billed annually, local taxes extra.
* Local taxes extra.