AMR Corporation Reports October 2012 Revenue And Traffic Results
FORT WORTH, Texas, Nov. 8, 2012 /PRNewswire/ -- AMR Corporation today reported October 2012 consolidated revenue and traffic results for its principal subsidiary, American Airlines, Inc., and its wholly owned subsidiary, AMR Eagle Holding Corporation.
Consolidated capacity and traffic were 3.4 percent and 3.7 percent lower year-over-year respectively, resulting in a consolidated load factor of 82.3 percent, a decrease of 0.3 points versus the same period last year.
International load factor increased 0.5 points to 81.3 percent, as traffic decreased 0.6 percent on 1.2 percent less capacity. The Pacific entity recorded the highest year-over-year increase in load factor of 4.9 points, resulting in a load factor of 82.8 percent for the month of October.
Domestic capacity and traffic were 5.0 percent and 6.0 percent lower year-over-year, respectively, resulting in a domestic load factor of 84.0 percent, 0.9 points lower compared to the same period last year.
October's consolidated passenger revenue per available seat mile (PRASM) increased an estimated 0.4 percent versus the same period last year. Absent the recent operational disruption that affected bookings for October travel, PRASM would have been approximately 3.1 percent higher than in October 2011. Separately, American Airlines and American Eagle cancelled more than 2,000 flights as a result of Hurricane Sandy; however, the impact on PRASM was not significant.
"I'm proud of the spirit and resilience of our people, many of whom have been displaced or suffered home or property damage following Hurricane Sandy. Under very challenging conditions, they have worked diligently to restore our operations in the Northeast and care for our customers," said Tom Horton, chairman and CEO, AMR Corporation.
On a consolidated basis, the company boarded 8.8 million passengers in October.
| THE COMPANY'S RESULTS ARE DETAILED BELOW: |
|
| AMR PRELIMINARY RESULTS SUMMARY |
|
| October 2012 consolidated year-over-year PRASM change |
0.4% |
| October 2011 consolidated PRASM (cents/ASM) |
12.51 |
| October 2012 consolidated fuel price including effective hedges & taxes (dollars/gallon) |
$3.31 |
| AMR TRAFFIC SUMMARY EXCLUDES CHARTER SERVICES |
|||||||||
| OCTOBER |
Year-to-Date |
||||||||
| 2012 |
2011 |
Change |
2012 |
2011 |
Change |
||||
| REVENUE PASSENGER MILES (000) |
|||||||||
| Domestic |
6,042,661 |
6,429,508 |
(6.0) |
% |
63,026,895 |
64,165,680 |
(1.8) |
% |
|
| International |
4,192,844 |
4,219,036 |
(0.6) |
43,020,860 |
42,305,592 |
1.7 |
|||
| Atlantic |
1,658,892 |
1,812,774 |
(8.5) |
15,973,495 |
16,414,758 |
(2.7) |
|||
| Latin America |
1,894,295 |
1,818,510 |
4.2 |
20,718,130 |
20,062,567 |
3.3 |
|||
| Pacific |
639,657 |
587,751 |
8.8 |
6,329,235 |
5,828,267 |
8.6 |
|||
| Mainline |
10,235,506 |
10,648,544 |
(3.9) |
106,047,756 |
106,471,272 |
(0.4) |
|||
| Regional |
863,338 |
880,668 |
(2.0) |
8,562,743 |
8,230,883 |
4.0 |
|||
| Consolidated |
11,098,843 |
11,529,212 |
(3.7) |
114,610,499 |
114,702,155 |
(0.1) |
|||
| AVAILABLE SEAT MILES (000) |
|||||||||
| Domestic |
7,196,482 |
7,574,333 |
(5.0) |
% |
75,032,850 |
76,971,900 |
(2.5) |
% |
|
| International |
5,157,203 |
5,220,132 |
(1.2) |
52,431,659 |
52,798,063 |
(0.7) |
|||
| Atlantic |
2,001,718 |
2,211,336 |
(9.5) |
19,234,614 |
20,501,307 |
(6.2) |
|||
| Latin America |
2,383,317 |
2,254,736 |
5.7 |
25,552,580 |
24,801,513 |
3.0 |
|||
| Pacific |
772,169 |
754,060 |
2.4 |
7,644,466 |
7,495,242 |
2.0 |
|||
| Mainline |
12,353,686 |
12,794,465 |
(3.4) |
127,464,509 |
129,769,963 |
(1.8) |
|||
| Regional |
1,135,051 |
1,168,413 |
(2.9) |
11,371,665 |
11,222,677 |
1.3 |
|||
| Consolidated |
13,488,737 |
13,962,878 |
(3.4) |
138,836,174 |
140,992,640 |
(1.5) |
|||
| LOAD FACTOR |
|||||||||
| Domestic |
84.0 |
84.9 |
(0.9) |
Pts |
84.0 |
83.4 |
0.6 |
Pts |
|
| International |
81.3 |
80.8 |
0.5 |
82.1 |
80.1 |
1.9 |
|||
| Atlantic |
82.9 |
82.0 |
0.9 |
83.0 |
80.1 |
3.0 |
|||
| Latin America |
79.5 |
80.7 |
(1.2) |
81.1 |
80.9 |
0.2 |
|||
| Pacific |
82.8 |
77.9 |
4.9 |
82.8 |
77.8 |
5.0 |
|||
| Mainline |
82.9 |
83.2 |
(0.4) |
83.2 |
82.0 |
1.2 |
|||
| Regional |
76.1 |
75.4 |
0.7 |
75.3 |
73.3 |
2.0 |
|||
| Consolidated |
82.3 |
82.6 |
(0.3) |
82.6 |
81.4 |
1.2 |
|||
| PASSENGERS BOARDED |
|||||||||
| Mainline |
6,946,386 |
7,234,264 |
(4.0) |
% |
72,247,475 |
72,223,800 |
0.0 |
% |
|
| Regional |
1,828,299 |
1,891,400 |
(3.3) |
18,006,709 |
17,702,035 |
1.7 |
|||
| Consolidated |
8,774,685 |
9,125,664 |
(3.8) |
90,254,184 |
89,925,835 |
0.4 |
|||
| SYSTEM CARGO TON MILES (000) |
|||||||||
| Total |
141,532 |
153,199 |
(7.6) |
% |
1,466,897 |
1,495,250 |
(1.9) |
% |
|
Note: Regional data is inclusive of American Eagle®, Executive Airlines®, and AmericanConnection®.
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 or whether holders of any such securities will receive any distribution in the Company's reorganization. However, it is likely that the Company's common stock will have little or no value at the time of the Company's emergence from bankruptcy, and the common stock could be canceled entirely upon the approval of the Bankruptcy Court. In the event of such cancellation, amounts invested in the Company's common stock will not be recoverable. 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, 2011, 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, American Eagle® and the AmericanConnection® carrier serve 260 airports in more than 50 countries and territories with, on average, more than 3,500 daily flights. The combined network fleet numbers nearly 900 aircraft. American's award-winning website, AA.com®, provides users with easy access to check and book fares, plus personalized news, information and travel offers. American Airlines is a founding member of the oneworld® alliance, which brings together some of the best and biggest names in the airline business, enabling them to offer their customers more services and benefits than any airline can provide on its own. Together, its members and members-elect serve more than 900 destinations with more than 9,000 daily flights to 150 countries and territories. American Airlines, Inc. and American Eagle Airlines, Inc. are subsidiaries of AMR Corporation. AmericanAirlines, American Eagle, AmericanConnection, AA.com, and AAdvantage are trademarks of American Airlines, Inc. AMR Corporation common stock trades under the symbol "AAMRQ" on the OTCQB marketplace, operated by OTC Markets Group.
Current AMR Corp. news releases can be accessed at http://www.aa.com
SOURCE AMR Corporation
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