FORT WORTH, Texas, Oct. 8, 2012 /PRNewswire/ -- AMR Corporation today reported September 2012 consolidated revenue and traffic results for its principal subsidiary, American Airlines, Inc., and its wholly owned subsidiary, AMR Eagle Holding Corporation.
September's consolidated passenger revenue per available seat mile (PRASM) increased an estimated 4.0 percent versus the same period last year, continuing the positive trend the airline has seen throughout this year. Absent the impact of operational challenges due to flight cancellations and delays during the second half of September, unit revenue improvement would have been approximately 0.4 points higher.
Consolidated capacity and traffic were 3.4 percent and 2.8 percent lower year-over-year respectively, resulting in a consolidated load factor of 81.1 percent, an increase of 0.5 points versus the same period last year.
International load factor increased 3.0 points to 83.6 percent, as traffic increased 3.2 percent on 0.5 percent less capacity. The Atlantic entity recorded the highest load factor of 86.9 percent, an increase of 4.0 points versus September 2011.
Domestic capacity and traffic were 5.5 percent and 7.1 percent lower year-over-year, respectively, resulting in a domestic load factor of 80.5 percent, 1.4 points lower compared to the same period last year.
On a consolidated basis, the company boarded 8.3 million passengers in September.
The Company's Results Are Detailed Below:
AMR PRELIMINARY RESULTS SUMMARY
September 2012 consolidated year-over-year PRASM change
4.0%
September 2011 consolidated PRASM (cents/ASM)
12.03
September 2012 consolidated fuel price including effective hedges & taxes (dollars/gallon)
$3.31
AMR TRAFFIC SUMMARY
EXCLUDES CHARTER SERVICES
SEPTEMBER
Year-to-Date
2012
2011
Change
2012
2011
Change
REVENUE PASSENGER MILES (000)
Domestic
5,691,200
6,126,308
(7.1) %
56,984,234
57,736,172
(1.3) %
International
4,257,043
4,124,148
3.2
38,828,016
38,086,556
1.9
Atlantic
1,814,613
1,827,591
(0.7)
14,314,603
14,601,983
(2.0)
Latin America
1,832,524
1,727,699
6.1
18,823,835
18,244,057
3.2
Pacific
609,906
568,858
7.2
5,689,578
5,240,516
8.6
Mainline
9,948,244
10,250,456
(2.9)
95,812,250
95,822,728
(0.0)
Regional
810,307
821,612
(1.4)
7,699,405
7,350,215
4.8
Consolidated
10,758,550
11,072,068
(2.8)
103,511,655
103,172,943
0.3
AVAILABLE SEAT MILES (000)
Domestic
7,071,592
7,480,775
(5.5) %
67,836,368
69,397,568
(2.2) %
International
5,092,895
5,117,955
(0.5)
47,274,456
47,577,930
(0.6)
Atlantic
2,087,288
2,204,860
(5.3)
17,232,896
18,289,971
(5.8)
Latin America
2,248,757
2,169,630
3.6
23,169,263
22,546,777
2.8
Pacific
756,849
743,465
1.8
6,872,297
6,741,182
1.9
Mainline
12,164,487
12,598,730
(3.4)
115,110,824
116,975,498
(1.6)
Regional
1,098,624
1,129,080
(2.7)
10,236,613
10,054,264
1.8
Consolidated
13,263,111
13,727,810
(3.4)
125,347,437
127,029,762
(1.3)
LOAD FACTOR
Domestic
80.5
81.9
(1.4) Pts
84.0
83.2
0.8 Pts
International
83.6
80.6
3.0
82.1
80.1
2.1
Atlantic
86.9
82.9
4.0
83.1
79.8
3.2
Latin America
81.5
79.6
1.9
81.2
80.9
0.3
Pacific
80.6
76.5
4.1
82.8
77.7
5.1
Mainline
81.8
81.4
0.4
83.2
81.9
1.3
Regional
73.8
72.8
1.0
75.2
73.1
2.1
Consolidated
81.1
80.7
0.5
82.6
81.2
1.4
PASSENGERS BOARDED
Mainline
6,560,602
6,851,096
(4.2) %
65,301,089
64,989,536
0.5 %
Regional
1,718,551
1,762,404
(2.5)
16,178,410
15,810,635
2.3
Consolidated
8,279,153
8,613,500
(3.9)
81,479,499
80,800,171
0.8
SYSTEM CARGO TON MILES (000)
Total
136,463
148,797
(8.3) %
1,325,366
1,342,051
(1.2) %
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