American Airlines makes 2016 net profit of US$2.7b
American Airlines reported Q4 and 2016 full year results Friday showing a US$2.7b net profit for the year. Q4 net income was $289m, down from the same period in 2015’s $3.28b. The prior quarter’s headline profit was due to a one-off tax benefit. For comparison, income before tax for Q4 was $500m in 2016, against $244m in 2015. Operating revenue for the quarter to end Dec 2016 was $9.79b, up 1.7% from the prior year’s $9.63b, but expenses hit $9.02b from $8.56b in 2015, a rise of 5.4%. For the full year 2016, American made a $2.68b net profit on income of $40.18b. Expenses for the year were $34.9b, a 0.3% increase. Mainline CASM in 2016 was down 0.8% on a 1.0% capacity increase in ASM terms. Mainline passenger load factor dropped one percentage point to 82.3%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-01-30/oneworld/american-airlines-makes-2016-net-profit-of-us-2.7b
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American Airlines makes 2016 net profit of US$2.7b
American Airlines reported Q4 and 2016 full year results Friday showing a US$2.7b net profit for the year. Q4 net income was $289m, down from the same period in 2015’s $3.28b. The prior quarter’s headline profit was due to a one-off tax benefit. For comparison, income before tax for Q4 was $500m in 2016, against $244m in 2015. Operating revenue for the quarter to end Dec 2016 was $9.79b, up 1.7% from the prior year’s $9.63b, but expenses hit $9.02b from $8.56b in 2015, a rise of 5.4%. For the full year 2016, American made a $2.68b net profit on income of $40.18b. Expenses for the year were $34.9b, a 0.3% increase. Mainline CASM in 2016 was down 0.8% on a 1.0% capacity increase in ASM terms. Mainline passenger load factor dropped one percentage point to 82.3%. <br/>
