American Airlines Group Inc. announced consolidated unaudited earnings and traffic results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total operating revenues of $9,789 million compared with $9,630 million for the same period a year ago. Operating income was $767 million compared with $1,068 million for the same period a year ago. Income before income taxes was $500 million compared with $244 million for the same period a year ago. Net income was $289 million or $0.56 per diluted share compared with $3,281 million or $5.09 per diluted share for the same period a year ago. Pre-tax income excluding special items was $773 million compared with $1,286 million for the same period a year ago. Net income excluding special items was $475 million or $0.92 per diluted share compared with $1,286 million or $2.00 per diluted share for the same period a year ago. Operating income excluding special items was $1,028 million compared with $1,518 million for the same period a year ago.

For the full year, the company reported total operating revenues of $40,180 million compared with $40,990 million for the same period a year ago. Operating income was $5,284 million compared with $6,204 million for the same period a year ago. Income before income taxes was $4,299 million compared with $4,616 million for the same period a year ago. Net income was $2,676 million or $4.81 per diluted share compared with $7,610 million or $11.07 per diluted share for the same period a year ago. Pre-tax income excluding special items was $5,071 million compared with $6,290 million for the same period a year ago. Net income excluding special items was $5,058 million or $5.71 per diluted share compared with $6,269 million or $9.12 per diluted share for the same period a year ago. Adjusted operating income was $6,007 million compared with $7,284 million for the same period a year ago.

For the quarter, the company reported revenue passenger miles of 53,452 million compared with 54,133 million for the same period a year ago. Available seat miles were 65,683 million compared with 65,453 million for the same period a year ago. Passenger load factor was 81.4% compared with 82.7% for the same period a year ago.

For the year, the company reported revenue passenger miles of 223,477 million compared with 223,010 million for the same period a year ago. Available seat miles were 273,410 million compared with 268,736 million for the same period a year ago. Passenger load factor was 81.7% compared with 83.0% for the same period a year ago.