American Airlines Group Inc. (NASDAQ:AAL) today reported fourth quarter 2016 pre-tax profit of USD 500m, or USD 773m excluding net special charges, and net profit of USD 289m, or USD 475m excluding net special charges, the airline said.
Full year 2016 pre-tax profit was USD 4.3bn, or USD 5.1bn excluding net special charges, and net profit was USD 2.7bn, or USD 3.2bn excluding net special charges.
Fourth quarter Total Revenue per Available Seat Mile (TRASM) was up 1.3% year-over-year, marking the first year-over-year increase since the fourth quarter 2014.
The Company accrued approximately USD 57m in the fourth quarter for its profit sharing plan, bringing the total accrual to USD 314m for 2016. It returned USD 606m to stockholders through share repurchases and dividends in the fourth quarter, for a total of USD 4.6bn in 2016.
American Airlines and American Eagle offer an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries. American has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. The airline is a founding member of the oneworld alliance, whose members serve more than 1,000 destinations with about 14,250 daily flights to over 150 countries.