AMR Corporation Reports October 2013 Revenue And Traffic Results
Consolidated Traffic Increased 4.4 Percent
FORT WORTH, Texas, Nov. 8, 2013
FORT WORTH, Texas, Nov. 8, 2013 /PRNewswire/ --AMR Corporation today reported
October 2013 consolidated revenue and traffic results for its principal
subsidiary, American Airlines, Inc., and its wholly owned subsidiary, AMR
Eagle Holding Corporation.
October's consolidated passenger revenue per available seat mile (PRASM)
increased an estimated 6.6 percent versus the same period last year. This
result was impacted by the government shutdown, which led to a reduction of
approximately $20 million in revenue and 1.1 percentage points in PRASM.
Separately, the year-over-year PRASM comparison was aided by 2.7 percentage
points from reduced revenues in October 2012 associated with operational
disruptions that impacted bookings last year.
Consolidated capacity and traffic were 4.3 percent and 4.4 percent higher
year-over-year, respectively, resulting in a consolidated load factor of 82.4
percent, 0.1 points above the same period last year.
Domestic traffic was 3.5 percent higher year-over-year on 3.9 percent more
capacity, resulting in a domestic load factor of 83.6 percent, 0.3 points
lower compared to the same period last year.
International load factor of 82.0 percent was 0.7 points higher
year-over-year, as traffic increased 5.0 percent on 4.1 percent more capacity.
The Atlantic entity recorded the highest load factor of 86.5 percent, an
increase of 3.7 points versus October 2012.
On a consolidated basis, the company boarded 9.2 million passengers in
The Company's Results Are Detailed Below:
AMR Preliminary Results Summary
October 2013 consolidated PRASM (cents/ASM) 13.40
October 2013 consolidated year-over-year PRASM change 6.6%
October 2013 consolidated fuel price including effective hedges & taxes $3.10
AMR TRAFFIC SUMMARY
INCLUDES CHARTER SERVICES
2013 2012 Change 2013 2012 Change
REVENUE PASSENGER MILES
Domestic 6,258,351 6,045,237 3.5 % 63,183,804 63,037,483 0.2 %
International 4,405,568 4,195,133 5.0 44,547,996 43,051,395 3.5
Atlantic 1,756,927 1,658,892 5.9 15,748,992 15,973,975 (1.4)
Latin 1,989,737 1,896,584 4.9 22,120,313 20,748,185 6.6
Pacific 658,905 639,657 3.0 6,678,691 6,329,235 5.5
Mainline 10,663,919 10,240,370 4.1 107,731,800 106,088,878 1.5
Regional 932,422 863,597 8.0 8,736,995 8,566,951 2.0
Consolidated 11,596,342 11,103,967 4.4 116,468,796 114,655,829 1.6
Domestic 7,482,411 7,199,731 3.9 % 74,676,256 75,046,717 (0.5) %
International 5,374,267 5,161,520 4.1 54,378,040 52,476,646 3.6
Atlantic 2,030,058 2,001,718 1.4 18,644,354 19,235,466 (3.1)
Latin 2,512,257 2,387,634 5.2 27,633,202 25,596,714 8.0
Pacific 831,953 772,169 7.7 8,100,484 7,644,466 6.0
Mainline 12,856,678 12,361,251 4.0 129,054,296 127,523,363 1.2
Regional 1,215,504 1,135,960 7.0 11,584,857 11,384,252 1.8
Consolidated 14,072,182 13,497,211 4.3 140,639,153 138,907,615 1.2
Domestic 83.6 84.0 (0.3) Pts 84.6 84.0 0.6 Pts
International 82.0 81.3 0.7 81.9 82.0 (0.1)
Atlantic 86.5 82.9 3.7 84.5 83.0 1.4
Latin 79.2 79.4 (0.2) 80.0 81.1 (1.0)
Pacific 79.2 82.8 (3.6) 82.4 82.8 (0.3)
Mainline 82.9 82.8 0.1 83.5 83.2 0.3
Regional 76.7 76.0 0.7 75.4 75.3 0.2
Consolidated 82.4 82.3 0.1 82.8 82.5 0.3
Mainline 7,240,186 6,957,440 4.1 % 72,968,210 72,350,244 0.9 %
Regional 1,948,124 1,829,188 6.5 18,185,165 18,022,096 0.9
Consolidated 9,188,310 8,786,628 4.6 91,153,375 90,372,340 0.9
SYSTEM CARGO TON MILES
Total 167,881 141,532 18.6 % 1,498,490 1,466,897 2.2 %
Notes: Regional data includes operations by wholly owned subsidiaries of AMR,
and operations performed by third parties under executed air service
agreements[. ]All load factor and year-over-year change figures have been
rounded to the nearest tenth. Beginning with the June 2013 traffic release,
data includes charter services.
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, risks related to the pending merger, including
fulfillment of conditions, and receipt of consents and approvals and the
possible adverse consequences of the lawsuit by the U.S. Department of Justice
seeking to enjoin the merger, the company's ability to secure financing for
all of its scheduled aircraft deliveries, the impact of the restructuring 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, and the potential impact of labor unrest. Because of the company's
restructuring, there can be no assurance as to the future value of the
company's or any of its subsidiaries' securities, including AMR common stock.
Accordingly, the company urges that caution be exercised with respect to
existing and future investments in any of these securities (including AMR's
common stock) or other 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, as amended by its
Form 10-K/A filed April 16, 2013, 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 270 airports in nearly 50 countries and
territories. American's fleet of nearly 900 aircraft fly an average of 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, voted Airline Program of the Year at the 2013
Freddie Awards, lets members earn miles for travel and everyday purchases and
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 nearly 900 destinations
served by more than 10,000 daily flights to more than 150 countries. 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
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