AMR Corporation Reports October 2013 Revenue and Traffic Results
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 October.
The Company's Results Are Detailed Below:
AMR Preliminary Results Summary
October 2013 consolidated PRASM (cents/ASM)
October 2013 consolidated year-over-year PRASM change
October 2013 consolidated fuel price including effective hedges & taxes (dollars/gallon)
AMR TRAFFIC SUMMARY
INCLUDES CHARTER SERVICES
REVENUE PASSENGER MILES (000)
AVAILABLE SEAT MILES (000)
SYSTEM CARGO TON MILES (000)
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