AMR
CORPORATION
|
(Exact
name of registrant as specified in its
charter)
|
Delaware
|
1-8400
|
75-1825172
|
(State
of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
4333
Amon Carter Blvd.
|
Fort
Worth, Texas
|
76155
|
||
(Address
of principal executive offices)
|
(Zip
code)
|
(817)
963-1234
|
||
(Registrant's
telephone number)
|
Item
2.02
|
Results of Operations
and Financial Condition
|
Item
9.01
|
Financial Statements
and Exhibits
|
|||
(c)
Exhibits
|
||||
Exhibit
99.1
|
Press Release
of AMR dated January 21, 2009
|
AMR
CORPORATION
|
|
/s/ Kenneth W. Wimberly
|
|
Kenneth
W. Wimberly
|
|
Corporate
Secretary
|
Exhibit
|
Description
|
|
99.1
|
Press
Release
|
·
|
American
entered into a purchase agreement with Boeing to acquire an initial 42
Boeing 787-9 Dreamliners, with the right to purchase up to 58 additional
787s. The purchase of the initial 42 787-9 aircraft is subject to certain
contingency provisions. American believes the 787s will help reduce its
fuel and maintenance costs, lessen its environmental impact, and support
its goal of providing industry-leading products and services over the long
term.
|
·
|
Beginning
Sept. 30, American began offering PriorityAAccessSM
privileges in U.S. and international airports systemwide. With
PriorityAAccess, American’s AAdvantage®
elite status members, First and Business Class travelers, AAirpass
customers, and passengers traveling on full-fare Economy Class tickets
receive more control and enjoy an easier journey when they travel, with
dedicated PriorityAAccess check-in, security screening lanes (where
available), and exclusive boarding lanes at the
gate.
|
·
|
American
introduced a service that allows customers departing from select airports
to receive boarding passes electronically on their mobile phones or PDAs.
Mobile boarding passes, which use a two-dimensional barcode, were
introduced for passengers departing on domestic flights from Chicago’s
O’Hare International, Los Angeles International (LAX), and John Wayne
Orange County (SNA) airports. The mobile boarding pass program is being
rolled out in partnership with the United States Transportation Security
Administration (TSA).
|
·
|
American
announced daily nonstop service between Dallas/Fort Worth International
Airport (DFW) and Madrid, Spain, starting May 1, 2009. American announced
the route with the expectation that its joint business agreement and
antitrust immunity application with British Airways and Iberia will be
approved, and believes DFW-Madrid will be the first of many opportunities
for American to enhance and expand connections between the United States
and Europe. For more information on the application and joint business
agreement, visit www.moretravelchoices.com.
|
·
|
For
the third consecutive year, American was honored as “Best Airline for
Domestic First Class” by the readers of Global Traveler
magazine. The annual GT Tested Awards
program surveyed more than 31,400 business and leisure travelers to
determine the best in business and luxury travel for 2008. Readers of
Business Traveler
magazine also named American “Best Airline for First-Class Service in
North America” for 2008. The Business
Traveler award was based on the magazine’s open-ended survey
of its readership.
|
Three
Months Ended December 31,
|
Percent
|
|||||||||||
2008
|
2007
|
Change
|
||||||||||
Revenues
|
||||||||||||
Passenger
- American Airlines
|
$ | 4,174 | $ | 4,352 | (4.1 | ) | ||||||
-
Regional Affiliates
|
554 | 606 | (8.5 | ) | ||||||||
Cargo
|
196 | 228 | (13.9 | ) | ||||||||
Other
revenues
|
545 | 497 | 9.7 | |||||||||
Total
operating revenues
|
5,469 | 5,683 | (3.8 | ) | ||||||||
Expenses
|
||||||||||||
Aircraft fuel
|
1,819 | 1,873 | (2.9 | ) | ||||||||
Wages, salaries and benefits
|
1,720 | 1,723 | (0.2 | ) | ||||||||
Other rentals and landing fees
|
314 | 308 | 2.0 | |||||||||
Depreciation and amortization
|
285 | 310 | (7.9 | ) | ||||||||
Maintenance, materials and repairs
|
294 | 267 | 10.2 | |||||||||
Commissions, booking fees and credit card expense
|
217 | 241 | (10.1 | ) | ||||||||
Aircraft rentals
|
120 | 140 | (14.6 | ) | ||||||||
Food service
|
123 | 135 | (9.2 | ) | ||||||||
Special charges
|
23 | 63 | (63.5 | ) | ||||||||
Other operating expenses
|
750 | 692 | 8.4 | |||||||||
Total operating expenses
|
5,665 | 5,752 | (1.5 | ) | ||||||||
Operating
Income
|
(196 | ) | (69 | ) | * | |||||||
Other
Income (Expense)
|
||||||||||||
Interest income
|
43 | 80 | (46.4 | ) | ||||||||
Interest expense
|
(188 | ) | (211 | ) | (11.1 | ) | ||||||
Interest capitalized
|
10 | 3 | * | |||||||||
Miscellaneous – net
|
(9 | ) | 128 | * | ||||||||
Total other income
|
(144 | ) | - | * | ||||||||
Income/(Loss)
Before Income Taxes
|
(340 | ) | (69 | ) | * | |||||||
Income tax
|
- | - | - | |||||||||
Net
Income
|
$ | (340 | ) | $ | (69 | ) | * |
Earnings/(Loss)
Per Share
|
||||||||
Basic
|
$ | (1.22 | ) | $ | (0.28 | ) | ||
Diluted
|
$ | (1.22 | ) | $ | (0.28 | ) | ||
Number
of Shares Used in Computation
|
||||||||
Basic
|
279 | 249 | ||||||
Diluted
|
279 | 249 |
*
|
Greater
than 100%
|
Three
Months Ended
December
31,
|
Percent
|
|||||||||||
2008
|
2007
|
Change
|
||||||||||
American
Airlines, Inc. Mainline Jet Operations
|
||||||||||||
Revenue
passenger miles (millions)
|
30,379 | 33,919 | (10.4 | ) | ||||||||
Available
seat miles (millions)
|
38,797 | 42,297 | (8.3 | ) | ||||||||
Cargo
ton miles (millions)
|
458 | 548 | (16.4 | ) | ||||||||
Passenger
load factor
|
78.3 | % | 80.2 | % |
(1.9) pts
|
|||||||
Passenger
revenue yield per passenger mile (cents)
|
13.74 | 12.83 | 7.1 | |||||||||
Passenger
revenue per available seat mile (cents)
|
10.76 | 10.29 | 4.6 | |||||||||
Cargo
revenue yield per ton mile (cents)
|
42.81 | 41.56 | 3.0 | |||||||||
Operating expenses per available seat mile, excluding Regional
Affiliates (cents) (1)
|
12.99 | 12.01 | 8.2 | |||||||||
Fuel
consumption (gallons, in millions)
|
637 | 704 | (9.5 | ) | ||||||||
Fuel
price per gallon (cents)
|
259.6 | 239.7 | 8.3 | |||||||||
Regional
Affiliates
|
||||||||||||
Revenue
passenger miles (millions)
|
2,012 | 2,380 | (15.5 | ) | ||||||||
Available
seat miles (millions)
|
2,918 | 3,318 | (12.1 | ) | ||||||||
Passenger
load factor
|
68.9 | % | 71.7 | % |
(2.8) pts
|
|||||||
AMR
Corporation
|
||||||||||||
Average
Equivalent Number of Employees
|
||||||||||||
American
Airlines
|
68,700 | 72,000 | ||||||||||
Other
|
12,400 | 13,800 | ||||||||||
Total
|
81,100 | 85,800 |
(1)
|
Excludes
$640 million and $717 million of expense incurred related to Regional
Affiliates in 2008 and 2007,
respectively.
|
American
Airlines, Inc.
|
Three
Months Ended December 31, 2008
|
|||||||||||||||
Entity
Results
|
RASM1
(cents)
|
Y-O-Y
Change
|
ASMs2
(billions)
|
Y-O-Y
Change
|
||||||||||||
DOT
Domestic
|
10.53 | 4.8 | % | 23.8 | (12.3 | )% | ||||||||||
International
|
11.12 | 6.3 | 15.0 | (1.0 | ) | |||||||||||
DOT
Latin America
|
12.10 | 7.3 | 7.4 | 0.7 | ||||||||||||
DOT
Atlantic
|
10.01 | 3.0 | 5.9 | (3.2 | ) | |||||||||||
DOT
Pacific
|
10.70 | 11.0 | 1.7 | (0.3 | ) |
American
Airlines, Inc.
|
Three
Months Ended December 31, 2008
|
|||||||||||||||
Entity
Results
|
Load
Factor
(pts)
|
Y-O-Y
Change
(pts)
|
Yield
(cents)
|
Y-O-Y
Change
|
||||||||||||
DOT
Domestic
|
79.6 | (1.0 | ) | 13.22 | 6.2 | % | ||||||||||
International
|
76.2 | (3.1 | ) | 14.60 | 10.6 | |||||||||||
DOT
Latin America
|
74.6 | (3.2 | ) | 16.23 | 11.9 | |||||||||||
DOT
Atlantic
|
77.3 | (3.4 | ) | 12.95 | 7.5 | |||||||||||
DOT
Pacific
|
79.2 | (1.8 | ) | 13.50 | 13.5 |
American
Airlines, Inc.
|
Three
Months Ended December 31, 2008
|
|||||||||||||||
Entity
Results
|
RASM1
(cents)
|
Y-O-Y
Change
|
ASMs2
(billions)
|
Y-O-Y
Change
|
||||||||||||
DOT
Domestic
|
10.53 | 3.9 | % | 23.8 | (12.3 | )% | ||||||||||
International
|
11.12 | 5.2 | 15.0 | (1.0 | ) | |||||||||||
DOT
Latin America
|
12.10 | 6.4 | 7.4 | 0.7 | ||||||||||||
DOT
Atlantic
|
10.01 | 1.7 | 5.9 | (3.2 | ) | |||||||||||
DOT
Pacific
|
10.70 | 9.5 | 1.7 | (0.3 | ) |
American
Airlines, Inc.
|
Three
Months Ended December 31, 2008
|
|||||||||||||||
Entity
Results
|
Load
Factor
(pts)
|
Y-O-Y
Change
(pts)
|
Yield
(cents)
|
Y-O-Y
Change
|
||||||||||||
DOT
Domestic
|
79.6 | (1.0 | ) | 13.22 | 5.3 | % | ||||||||||
International
|
76.2 | (3.1 | ) | 14.60 | 9.5 | |||||||||||
DOT
Latin America
|
74.6 | (3.2 | ) | 16.23 | 11.0 | |||||||||||
DOT
Atlantic
|
77.3 | (3.4 | ) | 12.95 | 6.2 | |||||||||||
DOT
Pacific
|
79.2 | (1.8 | ) | 13.50 | 12.0 |
AMR
CORPORATION
|
Twelve
Months Ended December 31,
|
Percent
|
|||||||||||
2008
|
2007
|
Change
|
||||||||||
Revenues
|
||||||||||||
Passenger
- American Airlines
|
$ | 18,234 | $ | 17,651 | 3.3 | |||||||
-
Regional Affiliates
|
2,486 | 2,470 | 0.7 | |||||||||
Cargo
|
874 | 825 | 6.0 | |||||||||
Other
revenues
|
2,172 | 1,989 | 9.2 | |||||||||
Total
operating revenues
|
23,766 | 22,935 | 3.6 | |||||||||
Expenses
|
||||||||||||
Aircraft fuel
|
9,014 | 6,670 | 35.1 | |||||||||
Wages, salaries and benefits
|
6,655 | 6,770 | (1.7 | ) | ||||||||
Other rentals and landing fees
|
1,298 | 1,278 | 1.6 | |||||||||
Depreciation and amortization
|
1,207 | 1,202 | 0.4 | |||||||||
Maintenance, materials and repairs
|
1,237 | 1,057 | 17.0 | |||||||||
Commissions, booking fees and credit card
expense
|
997 | 1,028 | (3.1 | ) | ||||||||
Aircraft rentals
|
492 | 591 | (16.7 | ) | ||||||||
Food service
|
518 | 534 | (3.0 | ) | ||||||||
Special charges
|
1,213 | 63 | * | |||||||||
Other operating expenses
|
3,024 | 2,777 | 8.9 | |||||||||
Total operating expenses
|
25,655 | 21,970 | 16.8 | |||||||||
Operating
Income
|
(1,889 | ) | 965 | * | ||||||||
Other
Income (Expense)
|
||||||||||||
Interest income
|
181 | 337 | (46.4 | ) | ||||||||
Interest expense
|
(756 | ) | (914 | ) | (17.2 | ) | ||||||
Interest capitalized
|
33 | 20 | 68.1 | |||||||||
Miscellaneous – net
|
360 | 96 | * | |||||||||
(182 | ) | (461 | ) | (60.5 | ) | |||||||
Income/(Loss)
Before Income Taxes
|
(2,071 | ) | 504 | * | ||||||||
Income tax
|
- | - | - | |||||||||
Net
Income
|
$ | (2,071 | ) | $ | 504 | * | ||||||
Earnings/(Loss)
Per Share
|
||||||||||||
Basic
|
(7.98 | ) | $ | 2.06 | ||||||||
Diluted
|
(7.98 | ) | $ | 1.78 | ||||||||
Number
of Shares Used in Computation
|
||||||||||||
Basic
|
259 | 245 | ||||||||||
Diluted
|
259 | 299 |
*
|
Greater
than 100%
|
Twelve
Months Ended
December
31,
|
Percent
|
|||||||||||
2008
|
2007
|
Change
|
||||||||||
American
Airlines, Inc. Mainline Jet Operations
|
||||||||||||
Revenue
passenger miles (millions)
|
131,757 | 138,453 | (4.8 | ) | ||||||||
Available
seat miles (millions)
|
163,532 | 169,906 | (3.8 | ) | ||||||||
Cargo
ton miles (millions)
|
2,005 | 2,122 | (5.5 | ) | ||||||||
Passenger
load factor
|
80.6 | % | 81.5 | % |
(0.9) pts
|
|||||||
Passenger
revenue yield per passenger mile (cents)
|
13.84 | 12.75 | 8.6 | |||||||||
Passenger
revenue per available seat mile (cents)
|
11.15 | 10.39 | 7.3 | |||||||||
Cargo
revenue yield per ton mile (cents)
|
43.59 | 38.86 | 12.2 | |||||||||
Operating
expenses per available seat mile, excluding Regional Affiliates (cents)
(1)
|
13.87 | 11.38 | 21.9 | |||||||||
Fuel
consumption (gallons, in millions)
|
2,694 | 2,834 | (4.9 | ) | ||||||||
Fuel
price per gallon (cents)
|
302.6 | 212.1 | 42.7 | |||||||||
Regional
Affiliates
|
||||||||||||
Revenue
passenger miles (millions)
|
8,846 | 9,848 | (10.2 | ) | ||||||||
Available
seat miles (millions)
|
12,603 | 13,414 | (6.0 | ) | ||||||||
Passenger
load factor
|
70.2 | % | 73.4 | % |
(3.2)
pts
|
|||||||
AMR
Corporation
|
||||||||||||
Average
Equivalent Number of Employees
|
||||||||||||
American
Airlines
|
70,900 | 71,800 | ||||||||||
Other
|
13,200 | 13,700 | ||||||||||
Total
|
84,100 | 85,500 |
(1)
|
Excludes
$3.1 billion and $2.8 billion of expense incurred related to Regional
Affiliates in 2008 and 2007,
respectively.
|
American
Airlines, Inc.
|
Twelve
Months Ended December 31, 2008
|
|||||||||||||||
Entity
Results
|
RASM1
(cents)
|
Y-O-Y
Change
|
ASMs2
(billions)
|
Y-O-Y
Change
|
||||||||||||
DOT
Domestic
|
10.81 | 5.7 | % | 101.9 | (6.1 | )% | ||||||||||
International
|
11.71 | 10.4 | 61.7 | 0.5 | ||||||||||||
DOT
Latin America
|
12.47 | 12.2 | 30.3 | 2.2 | ||||||||||||
DOT
Atlantic
|
10.96 | 7.0 | 24.6 | (1.4 | ) | |||||||||||
DOT
Pacific
|
11.04 | 13.6 | 6.7 | (0.4 | ) |
American
Airlines, Inc.
|
Twelve
Months Ended December 31, 2008
|
|||||||||||||||
Entity
Results
|
Load
Factor
(pts)
|
Y-O-Y
Change
(pts)
|
Yield
(cents)
|
Y-O-Y
Change
|
||||||||||||
DOT
Domestic
|
81.8 | (1.0 | ) | 13.22 | 7.0 | % | ||||||||||
International
|
78.6 | (0.6 | ) | 14.91 | 11.3 | |||||||||||
DOT
Latin America
|
77.8 | 0.3 | 16.03 | 11.7 | ||||||||||||
DOT
Atlantic
|
78.6 | (1.6 | ) | 13.94 | 9.1 | |||||||||||
DOT
Pacific
|
81.8 | (1.1 | ) | 13.49 | 15.1 |
American
Airlines, Inc.
|
Twelve
Months Ended December 31, 2008
|
|||||||||||||||
Entity
Results
|
RASM1
(cents)
|
Y-O-Y
Change
|
ASMs2
(billions)
|
Y-O-Y
Change
|
||||||||||||
DOT
Domestic
|
10.81 | 5.5 | % | 101.9 | (6.1 | )% | ||||||||||
International
|
11.71 | 10.1 | 61.7 | 0.5 | ||||||||||||
DOT
Latin America
|
12.47 | 11.9 | 30.3 | 2.2 | ||||||||||||
DOT
Atlantic
|
10.96 | 6.6 | 24.6 | (1.4 | ) | |||||||||||
DOT
Pacific
|
11.04 | 13.2 | 6.7 | (0.4 | ) |
American
Airlines, Inc.
|
Twelve
Months Ended December 31, 2008
|
|||||||||||||||
Entity
Results
|
Load
Factor
(pts)
|
Y-O-Y
Change
(pts)
|
Yield
(cents)
|
Y-O-Y
Change
|
||||||||||||
DOT
Domestic
|
81.8 | (1.0 | ) | 13.22 | 6.8 | % | ||||||||||
International
|
78.6 | (0.6 | ) | 14.91 | 11.0 | |||||||||||
DOT
Latin America
|
77.8 | 0.3 | 16.03 | 11.5 | ||||||||||||
DOT
Atlantic
|
78.6 | (1.6 | ) | 13.94 | 8.8 | |||||||||||
DOT
Pacific
|
81.8 | (1.1 | ) | 13.49 | 14.7 |
American
Airlines, Inc. Mainline Jet Operations
|
Three
Months Ended
December
31,
|
|||||||
(in
millions, except as noted)
|
2008
|
2007
|
||||||
Passenger
revenue per available seat mile, (cents)
|
10.76 | 10.29 | ||||||
Less: Impact of special items (cents)
|
- | 0.09 | ||||||
Passenger revenue per available seat mile, excluding impact of special
items (cents)
|
10.76 | 10.20 | ||||||
Percent change
|
5.5 | % |
American
Airlines, Inc. Mainline Jet Operations
|
Three
Months Ended
December
31,
|
|||||||
(in
millions, except as noted)
|
2008
|
2007
|
||||||
Passenger
yield (cents)
|
13.74 | 12.83 | ||||||
Less: Impact of special items (cents)
|
- | 0.12 | ||||||
Passenger yield, excluding impact of special items (cents)
|
13.74 | 12.71 | ||||||
Percent change
|
8.1 | % |
AMR
Corporation Consolidated
|
Three
Months Ended
December
31,
|
|||||||
(in
millions, except as noted)
|
2008
|
2007
|
||||||
Passenger
revenue per available seat mile (cents)
|
11.33 | 10.87 | ||||||
Less: Impact of special item (cents)
|
- | 0.09 | ||||||
Passenger revenue per available seat mile, excluding special item
(cents)
|
11.33 | 10.78 | ||||||
Percent change
|
5.1 | % |
AMR
Corporation Consolidated
|
Three
Months Ended
December
31,
|
|||||||
(in
millions, except as noted)
|
2008
|
2007
|
||||||
Total
operating revenue (millions)
|
5,469 | 5,683 | ||||||
Less: Impact of special items (millions)
|
- | 39 | ||||||
Total operating revenue, excluding special items
(millions)
|
5,469 | 5,644 | ||||||
Percent change
|
(3.1 | )% |
AMR
Corporation Consolidated
|
Year
Ended
December
31,
|
|||||||
(in
millions, except as noted)
|
2008
|
2007
|
||||||
Total
operating revenue (millions)
|
23,766 | 22,935 | ||||||
Less: Impact of special items (millions)
|
- | 39 | ||||||
Total operating revenue, excluding special items
(millions)
|
23,766 | 22,895 | ||||||
Percent change
|
3.8 | % |
AMR
Corporation Consolidated
|
Three
Months Ended
December
31,
|
|||||||
(in
millions, except as noted)
|
2008
|
2007
|
||||||
Total
passenger revenue (millions)
|
4,728 | 4,958 | ||||||
Less: Impact of special items (millions)
|
- | 39 | ||||||
Total operating revenue, excluding special items
(millions)
|
4,728 | 4,919 | ||||||
Percent change
|
(3.9 | )% |
AMR
Corporation
|
Three
Months Ended
December
31,
|
|||||||
(in
millions, except as noted)
|
2008
|
2007
|
||||||
Operating
expenses per available seat mile (cents)
|
13.58 | 12.61 | ||||||
Less:
Impact of special item (cents)
|
0.30 | 0.14 | ||||||
Operating
expenses per available seat mile, excluding special item
(cents)
|
13.28 | 12.47 | ||||||
Percent change
|
6.5 | % | ||||||
Less: Fuel expense per available seat mile (cents)
|
4.36 | 4.11 | ||||||
Operating expenses per available seat mile, excluding fuel expense and
special item (cents)
|
8.92 | 8.36 | ||||||
Percent change
|
6.6 | % |
American
Airlines, Inc. Mainline Jet Operations
|
Three
Months Ended December 31,
|
|||||||
(in
millions, except as noted)
|
2008
|
2007
|
||||||
Total
operating expenses
|
$ | 5,680 | $ | 5,796 | ||||
Less: Operating expenses incurred related to Regional
Affiliates
|
640 | 717 | ||||||
Operating expenses excluding expenses incurred related to Regional
Affiliates
|
$ | 5,041 | $ | 5,079 | ||||
American
mainline jet operations available seat miles
|
38,797 | 42,297 | ||||||
Operating expenses per available seat mile, excluding Regional Affiliates
(cents)
|
12.99 | 12.01 | ||||||
Less: Impact of special items (cents)
|
0.32 | 0.15 | ||||||
Operating expenses per available seat mile, excluding impact of special
items (cents)
|
12.67 | 11.86 | ||||||
Percent change
|
6.8 | % |
American
Airlines, Inc. Mainline Jet Operations
|
Three
Months Ended December 31,
|
|||||||
(in
millions, except as noted)
|
2008
|
2007
|
||||||
Total
operating expenses
|
$ | 5,680 | $ | 5,796 | ||||
Less: Operating expenses incurred related to Regional
Affiliates
|
640 | 717 | ||||||
Operating expenses excluding expenses incurred related to Regional
Affiliates
|
$ | 5,041 | $ | 5,079 | ||||
American
mainline jet operations available seat miles
|
38,797 | 42,297 | ||||||
Operating expenses per available seat mile, excluding Regional Affiliates
(cents)
|
12.99 | 12.01 | ||||||
Less: Impact of special items (cents)
|
0.32 | 0.15 | ||||||
Less: Fuel cost per available seat mile (cents)
|
4.26 | 3.99 | ||||||
Operating expenses per available seat mile, excluding impact of special
items and the cost of fuel (cents)
|
8.41 | 7.87 | ||||||
Percent change
|
6.8 | % |
AMR
Corporation
Calculation
of Net Debt
|
As
of December 31
|
|||||||
(in
millions, except as noted)
|
2008
|
2007
|
||||||
Current
and long-term debt
|
$ | 10,269 | $ | 10,315 | ||||
Current and long-term capital lease obligations
|
689 | 828 | ||||||
Principal
amount of certain airport facility tax-exempt bonds and the present value
of aircraft operating lease obligations
|
4,180 | 4,424 | ||||||
15,138 | 15,567 | |||||||
Less: Unrestricted cash and short-term
investments
|
3,107 | 4,535 | ||||||
Net Debt
|
$ | 12,031 | $ | 11,032 |
American
Airlines, Inc. Mainline Jet Operations
|
Estimate
for
Year
Ended December 31,
|
|||||||
(in
millions, except as noted)
|
2009
|
2008
|
||||||
Operating
expenses per available seat mile, excluding Regional Affiliates
(cents)
|
12.28 | 13.87 | ||||||
Less: Impact of special items (cents)
|
- | 0.73 | ||||||
Operating expenses per available seat mile, excluding Regional Affiliates,
special items(cents)
|
12.28 | 13.14 | ||||||
Percent change
|
(6.6 | )% | ||||||
Less: Fuel expense per available seat mile (cents)
|
3.37 | 4.99 | ||||||
Operating expenses per available seat mile, excluding Regional Affiliates,
special items, fuel expense (cents)
|
8.91 | 8.15 | ||||||
Percent change
|
9.2 | % |
American
Airlines, Inc. Mainline Jet Operations
|
Estimate
for
Three
Months Ended March 31,
|
|||||||
(in
millions, except as noted)
|
2009
|
2008
|
||||||
Operating
expenses per available seat mile, excluding Regional Affiliates
(cents)
|
12.27 | 12.63 | ||||||
Less: Impact of special items (cents)
|
- | - | ||||||
Operating expenses per available seat mile, excluding Regional Affiliates,
special items(cents)
|
12.27 | 12.63 | ||||||
Percent change
|
(2.9 | )% | ||||||
Less: Fuel expense per available seat mile (cents)
|
3.33 | 4.52 | ||||||
Operating expenses per available seat mile, excluding Regional Affiliates,
special items, fuel expense (cents)
|
8.94 | 8.11 | ||||||
Percent change
|
10.2 | % |
AMR
Corporation
|
Estimate
for
Year
Ended December 31,
|
|||||||
(in
millions, except as noted)
|
2009
|
2008
|
||||||
Operating
expenses per available seat mile (cents)
|
12.84 | 14.57 | ||||||
Less: Impact of special items (cents)
|
- | 0.75 | ||||||
Operating expenses per available seat mile, excluding special
items(cents)
|
12.84 | 13.82 | ||||||
Percent change
|
(7.1 | )% | ||||||
Less: Fuel expense per available seat mile (cents)
|
3.48 | 5.12 | ||||||
Operating expenses per available seat mile, excluding special items, fuel
expense (cents)
|
9.36 | 8.70 | ||||||
Percent change
|
7.6 | % |
AMR
Corporation
|
Estimate
for
Three
Months Ended March 31,
|
|||||||
(in
millions, except as noted)
|
2009
|
2008
|
||||||
Operating
expenses per available seat mile (cents)
|
12.90 | 13.32 | ||||||
Less: Impact of special items (cents)
|
- | - | ||||||
Operating expenses per available seat mile, excluding special
items(cents)
|
12.90 | 13.32 | ||||||
Percent change
|
(3.2 | )% | ||||||
Less: Fuel expense per available seat mile (cents)
|
3.44 | 4.64 | ||||||
Operating expenses per available seat mile, excluding special items, fuel
expense (cents)
|
9.46 | 8.68 | ||||||
Percent change
|
9.0 | % |
AMR
Corporation
|
||||||||
Reclassification
of AAdvantage Mileage Third-Party Sales Revenue
|
||||||||
Three
Months Ended March 31, 2007
|
||||||||
(in
millions, except as noted)
|
As
Reported
|
Reclassified
|
||||||
Passenger revenue - American Airlines
|
$ | 4,326 | $ | 4,176 | ||||
Other
revenues
|
342 | 492 | ||||||
Total
|
$ | 4,668 | $ | 4,668 | ||||
Available
seat miles
|
41,691 | 41,691 | ||||||
Passenger
revenue per available seat mile (cents)
|
10.38 | 10.02 | ||||||
Three
Months Ended June 30, 2007
|
||||||||
(in
millions, except as noted)
|
As
Reported
|
Reclassified
|
||||||
Passenger
revenue - American Airlines
|
$ | 4,673 | $ | 4,525 | ||||
Other
revenues
|
348 | 496 | ||||||
Total
|
$ | 5,021 | $ | 5,021 | ||||
Available
seat miles
|
42,647 | 42,647 | ||||||
Passenger
revenue per available seat mile (cents)
|
10.96 | 10.61 | ||||||
Three
Months Ended September 30, 2007
|
||||||||
(in
millions, except as noted)
|
As
Reported
|
Reclassified
|
||||||
Passenger
revenue - American Airlines
|
$ | 4,750 | $ | 4,598 | ||||
Other
revenues
|
352 | 504 | ||||||
Total
|
$ | 5,102 | $ | 5,102 | ||||
Available
seat miles
|
43,271 | 43,271 | ||||||
Passenger
revenue per available seat mile (cents)
|
10.98 | 10.63 | ||||||
Three
Months Ended December 31, 2007
|
||||||||
(in
millions, except as noted)
|
As
Reported
|
Reclassified
|
||||||
Passenger
revenue - American Airlines
|
$ | 4,486 | $ | 4,352 | ||||
Other
revenues
|
363 | 497 | ||||||
Total
|
$ | 4,849 | $ | 4,849 | ||||
Available
seat miles
|
42,297 | 42,297 | ||||||
Passenger
revenue per available seat mile (cents)
|
10.61 | 10.29 |
AMR
Corporation
Impact
of Special Items
(in
millions, except per share amounts)
|
Three
Months Ended
December
31, 2008
|
|||||||
Amount
|
EPS
|
|||||||
Net
income/(loss)
|
$ | (340 | ) | $ | (1.22 | ) | ||
Impact of special items
|
126 | 0.45 | ||||||
Income/(loss) excluding special items
|
$ | (214 | ) | $ | (0.77 | ) | ||
AMR
Corporation
Impact
of Special Items
(in
millions, except per share amounts)
|
Three
Months Ended
December
31, 2007
|
|||||||
Amount
|
EPS
|
|||||||
Net
income/(loss)
|
$ | (69 | ) | $ | (0.28 | ) | ||
Impact of special items
|
(115 | ) | (0.46 | ) | ||||
Income/(loss) excluding special items
|
$ | (184 | ) | $ | (0.74 | ) |
AMR
Corporation
Impact
of Special Items
(in
millions, except per share amounts)
|
Year
Ended
December
31, 2008
|
|||||||
Amount
|
EPS
|
|||||||
Net
income/(loss)
|
$ | (2,071 | ) | $ | (7.98 | ) | ||
Impact of special items
|
885 | 3.41 | ||||||
Income/(loss) excluding special items
|
$ | (1,186 | ) | $ | (4.57 | ) | ||
AMR
Corporation
Impact
of Special Items
(in
millions, except per share amounts)
|
Year
Ended
December
31, 2007
|
|||||||
Amount
|
EPS
|
|||||||
Net
income
|
$ | 504 | $ | 1.78 | ||||
Impact of special items
|
(84 | ) | (0.28 | ) | ||||
Income
excluding special items
|
$ | 420 | $ | 1.50 |