AMR Corporation Reports Record August Passenger Unit Revenue Consolidated Traffic Increased 3.2 Percent

FORT WORTH, Texas, Sept. 9, 2013 /PRNewswire/ -- AMR Corporation today reported August 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/20130508/DA10566LOGO)

August's consolidated passenger revenue per available seat mile (PRASM) was a record high for the month, increasing an estimated 3.0 percent versus last year.

Consolidated capacity and traffic were 4.2 percent and 3.2 percent higher year-over-year, respectively, resulting in a consolidated load factor of 85.0 percent, 0.8 points below the same period last year.

Domestic traffic was 0.8 percent higher year-over-year on 1.7 percent more capacity, resulting in a domestic load factor of 86.4 percent, 0.8 points lower compared to the same period last year.

International load factor of 84.7 percent was 1.0 points lower year-over-year, as traffic increased 6.7 percent on 8.1 percent more capacity. The Atlantic entity recorded the highest load factor of 88.5 percent, an increase of 1.0 points versus August 2012.

On a consolidated basis, the company boarded 9.7 million passengers in August.

The Company's Results Are Detailed Below:

AMR Preliminary Results Summary


August 2013 consolidated PRASM (cents/ASM)*

13.77

August 2013 consolidated year-over-year PRASM change

3.0%

August 2013 consolidated fuel price including effective hedges & taxes (dollars/gallon)

$3.08

*Note: Previously, consolidated PRASM (cents/ASM) was quoted for the prior year period.

 

AMR TRAFFIC SUMMARY

INCLUDES CHARTER SERVICES

 



AUGUST



Year-to-Date



2013

2012

Change


2013

2012

Change

REVENUE PASSENGER MILES (000)










Domestic

6,793,145

6,740,990

0.8

%


51,200,788

51,298,060

(0.2)

%


International

5,022,484

4,705,622

6.7



35,798,359

34,596,998

3.5



   Atlantic

1,910,947

1,931,832

(1.1)



12,181,520

12,500,470

(2.6)



   Latin America

2,335,381

2,101,166

11.1



18,258,482

17,016,856

7.3



   Pacific

776,156

672,625

15.4



5,358,357

5,079,672

5.5














Mainline

11,815,629

11,446,613

3.2



86,999,147

85,895,058

1.3



Regional

936,434

912,983

2.6



6,965,245

6,892,719

1.1



Consolidated

12,752,064

12,359,596

3.2



93,964,392

92,787,777

1.3













AVAILABLE SEAT MILES (000)











Domestic

7,863,587

7,729,102

1.7

%


60,057,835

60,771,551

(1.2)

%


International

5,929,160

5,487,282

8.1



43,756,172

42,218,154

3.6



   Atlantic

2,158,680

2,208,420

(2.3)



14,586,332

15,146,460

(3.7)



   Latin America

2,891,779

2,497,626

15.8



22,752,660

20,956,246

8.6



   Pacific

878,701

781,237

12.5



6,417,179

6,115,448

4.9














Mainline

13,792,747

13,216,384

4.4



103,814,006

102,989,705

0.8



Regional

1,217,475

1,190,693

2.2



9,233,672

9,148,619

0.9



Consolidated

15,010,223

14,407,077

4.2



113,047,679

112,138,324

0.8













LOAD FACTOR











Domestic

86.4

87.2

(0.8)

Pts

85.3

84.4

0.8

Pts


International

84.7

85.8

(1.0)



81.8

81.9

(0.1)



   Atlantic

88.5

87.5

1.0



83.5

82.5

1.0



   Latin America

80.8

84.1

(3.4)



80.2

81.2

(1.0)



   Pacific

88.3

86.1

2.2



83.5

83.1

0.4














Mainline

85.7

86.6

(0.9)



83.8

83.4

0.4



Regional

76.9

76.7

0.2



75.4

75.3

0.1



Consolidated

85.0

85.8

(0.8)



83.1

82.7

0.4













PASSENGERS BOARDED











Mainline

7,803,641

7,645,951

2.1

%


59,075,373

58,821,922

0.4

%


Regional

1,938,804

1,926,777

0.6



14,480,856

14,473,265

0.1



Consolidated

9,742,445

9,572,728

1.8



73,556,229

73,295,187

0.4













SYSTEM CARGO TON MILES (000)










Total

150,516

142,458

5.7

%


1,183,919

1,188,902

(0.4)

%













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

This document includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "forecast" and other similar words.  These forward-looking statements are based on AMR's and US Airways' current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements.  The following factors, among others, could cause actual results and financial position and timing of certain events to differ materially from those described in the forward-looking statements:  the challenges and costs of the proposed transaction, including integrating operations and achieving anticipated synergies; the price of, market for and potential market price volatility of common stock of the ultimate parent entity following the closing of the proposed transaction; significant liquidity requirements and substantial levels of indebtedness of the combined company following the closing; potential limitations on the use of certain tax attributes following the closing; failure of the proposed transaction to be completed; and other economic, business, competitive, and/or regulatory factors affecting the business of the combined company after the closing and the businesses of US Airways and AMR generally, including those set forth in the filings of US Airways and AMR with the SEC, especially in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of their respective annual reports on Form 10-K and quarterly reports on Form 10-Q, their current reports on Form 8-K and other SEC filings, including the registration statement and the proxy statement/prospectus related to the proposed transaction.  Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statements.  Neither AMR nor US Airways assumes any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements except as required by law.

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, 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 more than 840 destinations served by 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



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