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AMR Corporation : AMR Reports April 2012 Revenue And Traffic Results

05/08/2012 | 05:26pm US/Eastern
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FORT WORTH, Texas, May 8, 2012 /PRNewswire/ -- AMR Corporation, the parent company of American Airlines Inc., today reported April 2012 consolidated revenue and traffic results for its principal subsidiary, American Airlines, Inc. and its wholly-owned subsidiary, AMR Eagle Holding Corporation.

April's consolidated passenger revenue per available seat mile (PRASM) increased an estimated 11.6 percent compared to the prior year period, driven by high load factors and a strong yield environment.

The Company reported an April consolidated load factor of 82.9 percent, an increase of 2.5 points versus the same period last year. Consolidated traffic and capacity were lower by 0.2 percent and 3.2 percent year-over-year, respectively.

International traffic increased 1.8 percent relative to last year, on 2.8 percent lower capacity, resulting in an international load factor of 81.7 percent, an increase of 3.7 points versus April of last year.

Domestic load factor was 84.8 percent, an increase of 1.6 points year-over-year. Domestic capacity and traffic were 4.1 percent and 2.2 percent lower year-over-year, respectively.

The Company's Results Are Detailed Below:

AMR PRELIMINARY RESULTS SUMMARY

April 2012 consolidated year-over-year PRASM change

11.6%

April 2011 consolidated PRASM (cents/asm)

11.76

April 2012 consolidated fuel price including effective hedges & taxes (dollars/gallon)

$3.40

AMR TRAFFIC SUMMARY

EXCLUDES CHARTER SERVICES



APRIL


Year-to-Date



2012

2011

Change

2012

2011

Change

REVENUE PASSENGER MILES (000)









Domestic

6,252,873

6,396,011

(2.2)

%

24,259,605

24,238,292

0.1

%


International

4,107,766

4,034,890

1.8


16,050,238

15,348,923

4.6



   Atlantic

1,568,274

1,611,120

(2.7)


5,042,581

4,949,434

1.9



   Latin America

1,944,566

1,923,311

1.1


8,648,516

8,370,136

3.3



   Pacific

594,926

500,458

18.9


2,359,141

2,029,353

16.3













Mainline

10,360,639

10,430,900

(0.7)


40,309,843

39,587,215

1.8



Regional

853,880

807,460

5.7


3,223,347

2,941,188

9.6



Consolidated

11,214,519

11,238,361

(0.2)


43,533,190

42,528,404

2.4












AVAILABLE SEAT MILES (000)









Domestic

7,370,984

7,686,644

(4.1)

%

29,816,734

30,466,123

(2.1)

%


International

5,027,418

5,170,340

(2.8)


20,482,564

20,228,680

1.3



   Atlantic

1,887,108

2,071,002

(8.9)


6,609,762

7,035,782

(6.1)



   Latin America

2,389,497

2,391,868

(0.1)


10,851,264

10,455,762

3.8



   Pacific

750,813

707,470

6.1


3,021,538

2,737,136

10.4













Mainline

12,398,403

12,856,984

(3.6)


50,299,298

50,694,803

(0.8)



Regional

1,130,261

1,114,589

1.4


4,459,505

4,266,073

4.5



Consolidated

13,528,664

13,971,574

(3.2)


54,758,802

54,960,876

(0.4)












LOAD FACTOR










Domestic

84.8

83.2

1.6

Pts

81.4

79.6

1.8

Pts


International

81.7

78.0

3.7


78.4

75.9

2.5



   Atlantic

83.1

77.8

5.3


76.3

70.3

5.9



   Latin America

81.4

80.4

1.0


79.7

80.1

(0.4)



   Pacific

79.2

70.7

8.5


78.1

74.1

3.9













Mainline

83.6

81.1

2.4


80.1

78.1

2.1



Regional

75.5

72.4

3.1


72.3

68.9

3.3



Consolidated

82.9

80.4

2.5


79.5

77.4

2.1












PASSENGERS BOARDED










Mainline

7,129,069

7,121,256

0.1

%

27,920,313

27,229,377

2.5

%


Regional

1,804,277

1,740,786

3.6


6,735,534

6,411,285

5.1



Consolidated

8,933,346

8,862,042

0.8


34,655,847

33,640,662

3.0












SYSTEM CARGO TON MILES (000)









Total

151,878

153,343

(1.0)

%

596,708

592,397

0.7

%

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 or its subsidiaries' securities may be and it remains too early in the Chapter 11 cases to determine whether holders of any such securities will receive any distribution in the Chapter 11 reorganization. The Company anticipates that its common stock will have minimal or no value on its emergence from Chapter 11. 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 more than 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. http://www.aa.com

SOURCE AMR Corporation

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