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Last updated on April 17, 2014 at 16:32 EDT

AMR Corporation Reports March 2013 Revenue And Traffic Results

April 8, 2013

Consolidated Traffic Increased 1.0 Percent

FORT WORTH, Texas, April 8, 2013 /PRNewswire/ — AMR Corporation today reported March 2013 consolidated revenue and traffic results for its principal subsidiary, American Airlines, Inc., and its wholly owned subsidiary, AMR Eagle Holding Corporation.

(Logo: http://photos.prnewswire.com/prnh/20130208/DA56847LOGO)

Consolidated capacity and traffic were 0.1 percent and 1.0 percent higher year-over-year, respectively, resulting in a consolidated load factor of 82.7 percent, an increase of 0.7 points versus the same period last year.

Domestic capacity and traffic were 2.5 percent and 1.3 percent lower year-over-year, respectively, resulting in a domestic load factor of 85.3 percent, 1.1 points higher compared to the same period last year.

International load factor of 80.5 percent was 0.7 points higher year-over-year, as traffic increased 4.4 percent on 3.4 percent more capacity. The Atlantic entity recorded the highest load factor of 83.2 percent, an increase of 4.1 points versus March 2012.

March’s consolidated passenger revenue per available seat mile (PRASM) increased an estimated 0.3 percent versus the same period last year. The company observed a decrease in close-in bookings, particularly in the second half of the month. On a consolidated basis, the company boarded 9.4 million passengers in March.

The company’s results are detailed below:

AMR Preliminary Results Summary

    March 2013 consolidated year-over-year PRASM change                0.3%

    March 2012 consolidated PRASM (cents/ASM)                        13.42

    March 2013 consolidated fuel price including effective
     hedges & taxes (dollars/gallon)                                 $3.23

                                                      AMR TRAFFIC SUMMARY

                                                   EXCLUDES CHARTER SERVICES

                                                                                   MARCH                                  Year-to-Date
                                                                                   -----                                  ------------

                                                                              2013       2012 Change      2013       2012    Change

    REVENUE PASSENGER MILES (000)

                                  Domestic                               6,526,470  6,611,503  (1.3)%          18,024,477   18,006,732   0.1%

                                  International                          4,368,567  4,185,599    4.4           12,101,021   11,942,472   1.3

                                     Atlantic                            1,347,381  1,283,590    5.0            3,347,124    3,474,307  (3.7)

                                     Latin America                       2,386,971  2,262,136    5.5            7,000,540    6,703,950   4.4

                                     Pacific                               634,216    639,873   (0.9)           1,753,358    1,764,215  (0.6)

                                  Mainline                              10,895,037 10,797,102    0.9           30,125,498   29,949,204   0.6

                                  Regional                                 877,463    858,895    2.2            2,392,360    2,369,467   1.0

                                  Consolidated                          11,772,500 11,655,997    1.0           32,517,858   32,318,671   0.6

    AVAILABLE SEAT MILES (000)

                                  Domestic                               7,648,200  7,845,111  (2.5)%          21,925,884   22,445,750 (2.3)%

                                  International                          5,427,414  5,247,937    3.4           15,450,414   15,455,145  (0.0)

                                     Atlantic                            1,619,283  1,622,709   (0.2)           4,380,248    4,722,653  (7.3)

                                     Latin America                       3,029,119  2,844,043    6.5            8,881,981    8,461,767   5.0

                                     Pacific                               779,012    781,185   (0.3)           2,188,185    2,270,725  (3.6)

                                  Mainline                              13,075,613 13,093,048   (0.1)          37,376,298   37,900,895  (1.4)

                                  Regional                               1,166,394  1,131,495    3.1            3,317,383    3,329,244  (0.4)

                                  Consolidated                          14,242,007 14,224,543    0.1           40,693,681   41,230,139  (1.3)

    LOAD FACTOR

                                  Domestic                                    85.3       84.3    1.1  Pts            82.2         80.2   2.0  Pts

                                  International                               80.5       79.8    0.7                 78.3         77.3   1.0

                                     Atlantic                                 83.2       79.1    4.1                 76.4         73.6   2.8

                                     Latin America                            78.8       79.5   (0.7)                78.8         79.2  (0.4)

                                     Pacific                                  81.4       81.9   (0.5)                80.1         77.7   2.4

                                  Mainline                                    83.3       82.5    0.9                 80.6         79.0   1.6

                                  Regional                                    75.2       75.9   (0.7)                72.1         71.2   0.9

                                  Consolidated                                82.7       81.9    0.7                 79.9         78.4   1.5

    PASSENGERS BOARDED

                                  Mainline                               7,545,658  7,605,557  (0.8)%          20,882,911   20,791,244   0.4%

                                  Regional                               1,831,370  1,777,475    3.0            5,015,964    4,931,257   1.7

                                  Consolidated                           9,377,028  9,383,032   (0.1)          25,898,875   25,722,501   0.7

    SYSTEM CARGO TON MILES (000)

                                  Total                                    161,063    168,775  (4.6)%             410,130      444,830 (7.8)%

Note: Regional data includes operations by wholly owned subsidiaries of AMR, and operations performed by third parties under executed air service agreements.

Cautionary Statement Regarding Forward-Looking Statements and Information

This news release could be viewed as containing forward-looking statements or information. Actual results may differ materially from the results suggested by the statements and information contained herein for a number of reasons, including, but not limited to, the impact of the bankruptcy filings of the Company and certain of its U.S. subsidiaries, the Company’s ability to refinance, extend or repay its near and intermediate term debt, the Company’s substantial level of indebtedness and related interest rates, the potential impact of volatile and rising fuel prices, impairments and restructuring charges. The Company cannot predict what the ultimate value of any of its securities may be. Accordingly, the Company urges that caution be exercised with respect to existing and future investments in any of these securities (including the Company’s common stock) or other Company claims. Readers are referred to the documents filed by the Company with the Securities and Exchange Commission, including the Company’s Form 10-K for the period ended December 31, 2012, which further identify the important risk factors that could cause actual results to differ materially from the forward-looking statements in this news release. The Company disclaims any obligation to update any forward-looking statement or information.

About American Airlines

American Airlines focuses on providing an exceptional travel experience across the globe, serving more than 260 airports in more than 50 countries and territories. American’s fleet of nearly 900 aircraft fly more than 3,500 daily flights worldwide from hubs in Chicago, Dallas/Fort Worth, Los Angeles, Miami and New York. American flies to nearly 100 international locations including important markets such as London, Madrid, Sao Paulo and Tokyo. With more than 500 new planes scheduled to join the fleet, including continued deliveries of the Boeing 737 family of aircraft and new additions such as the Boeing 777-300ER and the Airbus A320 family of aircraft, American is building toward the youngest and most modern fleet among major U.S. carriers. American’s website, AA.com(®), provides customers with easy access to check and book fares, and personalized news, information and travel offers. American’s AAdvantage(®) program, one of the most popular frequent flyer programs in the world, lets members redeem miles for flights to almost 950 destinations worldwide, as well as flight upgrades, vacation packages, car rentals, hotel stays and other retail products. The airline also offers nearly 40 Admirals Club(®) locations worldwide providing comfort, convenience, and an environment with a full range of services making it easy for customers to stay productive without interruption. American is a founding member of the oneworld(®) alliance, which brings together some of the best and biggest airlines in the world, including global brands like British Airways, Cathay Pacific, Iberia Airlines, Japan Airlines, LAN and Qantas. Together, its members serve more than 840 destinations with some 9,000 daily flights to nearly 160 countries and territories. Connect with American on Twitter @AmericanAir or Facebook.com/AmericanAirlines. American Airlines, Inc. and American Eagle Airlines, Inc. are subsidiaries of AMR Corporation. AMR Corporation common stock trades under the symbol “AAMRQ” on the OTCQB marketplace, operated by OTC Markets Group.

SOURCE AMR Corporation


Source: PR Newswire