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    AMR Corporation Reports Third Quarter 2012 Results
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    Net Profit of $110 Million, Excluding Reorganization Items and Special Charges


    Net Loss of $238 Million; Operating Income of $51 Million

    Continues Fleet Renewal: Took Delivery of Seven Fuel-Efficient 737-800s; Totaling 19 737-800s in the First Nine Months of 2012

    FORT WORTH, Texas, Oct. 17, 2012 /PRNewswire/ -- AMR Corporation, the parent company of American Airlines, Inc., today reported a third quarter net profit of $110 million, excluding reorganization items and special charges – a $272 million improvement compared to the prior year period. In the third quarter of 2012, AMR incurred a net loss of $238 million compared to a net loss of $162 million in the same period of 2011.

    "I want to thank my American colleagues for their efforts in delivering another profitable quarter, excluding reorganization and special items," said Tom Horton, AMR's Chairman and Chief Executive Officer. "These results were driven by the best unit revenue growth in the industry in each month of the quarter, and by record load factor, as we continue to make progress in our restructuring for a successful future."

    Financial and Operational Performance

    AMR reported record third quarter consolidated revenue of $6.4 billion, up 0.8 percent compared to the prior year period, on 2.3 percent less capacity than in the third quarter of 2011. Consolidated passenger revenue per available seat mile (unit revenue) grew 4.3 percent compared to the third quarter of 2011, and mainline passenger unit revenue increased 4.5 percent.

    • Consolidated passenger yield, representing average fares paid, increased 3.5 percent year-over-year in the third quarter of 2012, and mainline passenger yield increased 3.7 percent.
    • Mainline capacity, or total available seat miles, in the third quarter of 2012 decreased 2.5 percent compared to the same period in 2011.
    • American's third quarter 2012 mainline load factor, or the percentage of total seats filled, was 85.5 percent – a record for any quarter in American's history.

    The company's revenue performance was driven by year-over-year yield improvement and a record high consolidated load factor of 84.7 percent. Domestic unit revenue improved 3.8 percent in the third quarter versus the same period last year and, for the third consecutive quarter, the company saw unit revenue increases across all five of its hubs. Growth in yields on connecting traffic and increased load factors in the premium cabins contributed to the solid revenue performance in the Domestic entity.

    International unit revenue increased 5.3 percent in the third quarter, driven by increased load factors across all entities, and improved yield performance. Unit revenue performance in the Pacific entity was strong, up 15.9 percent, driven by increased demand for the premium cabins and greater revenues from Asia point-of-sale. The Latin American entity posted a 4.0 percent unit revenue increase in the third quarter of 2012, including yield improvements in Mexico and Central and South America. The growing strength of American's enhanced network, together with coordinated selling efforts with joint business partners British Airways and Iberia over the Atlantic, helped drive trans-Atlantic unit revenue improvement of 2.9 percent versus the prior year, despite slower sales around the Summer Olympics, and a weaker economic environment in Europe in the quarter.

    "Strong yield and record load factors generated unit revenue growth that topped the industry in each of the three months, continuing a trend of outperforming the industry that we've seen throughout the year," said Virasb Vahidi, AMR's Chief Commercial Officer. "We saw unit revenue increases across all five of our hubs and across all international entities."

    "We have made excellent progress in both increasing revenues and in reducing costs this quarter. As a result of having consolidated operating expenses, excluding special charges, of $6.2 billion, or 2.7 percent lower than the third quarter of last year, we saw considerable improvement. We were able to achieve operating income and margin of $262 million and 4.1 percent respectively, excluding special charges," said Bella Goren, AMR's Chief Financial Officer. "As our restructuring efforts move forward, we will continue to realize increasingly greater cost savings in the coming quarters, and we are on track to achieve our targeted savings."

    Reorganization Items and Special Charges

    The third quarter 2012 results include $348 million in special charges and reorganization items.

    • Of that amount, $211 million is related to special charges, primarily associated with employee severance-related costs.
    • The company recognized $137 million in reorganization items resulting from certain of its direct and indirect U.S. subsidiaries' voluntary petitions for reorganization under Chapter 11 on Nov. 29, 2011. These items primarily result from estimated claims associated with restructuring the financing arrangements for certain aircraft and professional fees, offset by a pension curtailment credit for prior service costs.

    Fuel Impact

    Taking into account the impact of fuel hedging, AMR paid approximately $3.12 per gallon for jet fuel in the third quarter of 2012 versus approximately $3.15 per gallon in the third quarter of 2011, a 1.0 percent decrease. As a result, the company paid $22 million less for fuel in the third quarter of 2012 than it would have paid at prevailing prices from the prior-year period.

    Cash Position

    AMR ended the third quarter with approximately $5.1 billion in cash and short-term investments, including a restricted cash balance of $847 million, compared to a balance of approximately $4.8 billion in cash and short-term investments, including a restricted balance of approximately $474 million, at the end of the third quarter of 2011.

    Recent Operational Challenges

    AMR experienced operational challenges due to flight cancellations and delays during the second half of September, however, the net impact of these disruptions to third quarter financial results was not material.

    Fleet Renewal and Transformation

    In the third quarter, as part of the company's fleet renewal efforts, American took delivery of seven Boeing 737-800s, for a total of 19 737s in the first nine months of the year, with another nine 737s scheduled to be delivered in the fourth quarter of 2012.  These aircraft will improve the customer experience and provide a 35 percent reduction in fuel cost per seat versus MD-80 aircraft.

    Furthermore, during the quarter, American announced plans to be the only airline to offer three-class service and the first to offer fully lie-flat First and Business Class seats on transcontinental flights with its Airbus A321 transcontinental aircraft.  All new narrowbodies from the Airbus 320 family delivered beginning in the third quarter of 2013 and the Boeing 737-800 aircraft delivered beginning in the fourth quarter of 2013 are expected to offer in-seat entertainment, inflight Wi-Fi, individual 110-volt universal AC power outlets and USB jacks at every seat, in addition to Main Cabin Extra seating.

    American is in the midst of a significant renewal and transformation of its fleet, including 59 aircraft slated for delivery in 2013.  American is taking significant steps to improve its overall competitive position and expects to have the youngest and most fuel-efficient fleet among its U.S. airline peers by 2017.

    Capacity Guidance

    AMR estimates consolidated capacity in the fourth quarter of 2012 to be up less than half of a percent versus the fourth quarter of 2011. The company is in the process of finalizing the 2013 network plan and will provide additional capacity guidance at a later date.

    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.

    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 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 securities, including its common stock, which could have little or no value at the end of the restructuring process. 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 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.

    Detailed financial information follows:

          

     

    AMR CORPORATION

    CONSOLIDATED STATEMENT OF OPERATIONS

    (in millions, except per share amounts)

    (Unaudited)

          
     

    Three Months Ended

    September 30,

     

    Percent

     

    2012

     

    2011

     

    Change

    Revenues

         

        Passenger - American Airlines

    $        4,909

     

    $        4,816

     

    1.9

                          - Regional Affiliates

    748

     

    735

     

    1.8

        Cargo

    156

     

    176

     

    (11.2)

        Other revenues

    616

     

    649

     

    (5.1)

          Total operating revenues

    6,429

     

    6,376

     

    0.8

          

    Expenses

         

      Aircraft fuel

    2,180

     

    2,255

     

    (3.3)

      Wages, salaries and benefits

    1,783

     

    1,776

     

    0.4

      Other rentals and landing fees

    329

     

    363

     

    (9.4)

      Maintenance, materials and repairs

    347

     

    345

     

    0.7

      Depreciation and amortization

    256

     

    273

     

    (6.5)

      Commissions, booking fees and credit card expense

    277

     

    285

     

    (2.7)

      Aircraft rentals

    137

     

    165

     

    (16.7)

      Food service

    139

     

    137

     

    1.6

      Special charges

    211

     

    -

     

    *

      Other operating expenses

    719

     

    738

     

    (2.6)

        Total operating expenses

    6,378

     

    6,337

     

    0.6

          

    Operating Income (Loss)

    51

     

    39

     

    28.4

          

    Other Income (Expense)

         

      Interest income

    7

     

    6

     

    6.7

      Interest expense

    (161)

     

    (211)

     

    (23.8)

      Interest capitalized

    13

     

    11

     

    15.0

      Miscellaneous – net

    (11)

     

    (7)

     

    57.1

        Total other income

    (152)

     

    (201)

     

    (24.4)

          

    Income (Loss) Before Reorganization Items, Net

    (101)

     

    (162)

     

    (37.5)

    Reorganization Items, Net

    (137)

     

    -

     

    *

    Income Before Income Taxes

    (238)

     

    (162)

     

    46.8

    Income tax

    -

     

    -

     

    -

    Net Income

    $          (238)

     

    $          (162)

     

    46.8

          

    Earnings Per Share

         

    Basic

    $         (0.71)

     

    $         (0.48)

      

    Diluted

    $         (0.71)

     

    $         (0.48)

      
          

    Number of Shares Used in Computation

         

      Basic

    335

     

    335

      

      Diluted

    335

     

    335

      
            

    * Greater than 100%

           

     

      

    AMR CORPORATION

    OPERATING STATISTICS

    (Unaudited)

     

    OPERATING STATISTICS BY REGIONAL ENTITY

      

    American Airlines, Inc.

    Three Months Ended September 30, 2012

    Entity Results

     

    RASM1

     

    Y-O-Y

     

    ASMs2

     

    Y-O-Y

      

    (cents)

     

    Change

     

    (billions)

     

    Change

             

    DOT Domestic

     

    12.20

     

    3.8%

     

    22.7

     

    (3.3%)

    International

     

    13.16

     

    5.3%

     

    16.3

     

    (1.3%)

         DOT Latin America

     

    14.68

     

    4.0%

     

    7.4

     

    1.8%

         DOT Atlantic

     

    12.01

     

    2.9%

     

    6.5

     

    (3.1%)

         DOT Pacific

     

    11.55

     

    15.9%

     

    2.3

     

    (5.7%)

             

    American Airlines, Inc.

    Three Months Ended September 30, 2012

    Entity Results

     

    Load Factor

     

    Y-O-Y

     

    Yield

     

    Y-O-Y

      

    (pts)

     

    Change (pts)

     

    (cents)

     

    Change

             

    DOT Domestic

     

    85.4

     

    (0.1)

     

    14.28

     

    4.0%

    International

     

    85.5

     

    1.7

     

    15.39

     

    3.3%

         DOT Latin America

     

    84.2

     

    1.2

     

    17.43

     

    2.5%

         DOT Atlantic

     

    87.4

     

    1.3

     

    13.74

     

    1.3%

         DOT Pacific

     

    84.5

     

    4.1

     

    13.68

     

    10.4%

             

    1

    Revenue per Available Seat Mile

    2

    Available Seat Miles

           

    AMR CORPORATION

    NON-GAAP AND OTHER RECONCILIATIONS

    (in millions)

    (Unaudited)

           
     

    Three Months Ended

    September 30,

      

    Percent

     

    2012

     

    2011

     

    Change

          

    Net Income

    $          (238)

     

    $          (162)

     

    46.8

    Special Charges

    211

     

    -

     

    *

    Reorganization Items

    137

     

    -

     

    *

    Net Income Excluding Reorganization and Special Items

    110

     

    (162)

     

    *

          

    * Greater than 100%

         
            
          

    AMR CORPORATION

    OPERATING STATISTICS

    (Unaudited)

     

    Three Months Ended

    September 30,

      

    Percent

    Change

     

    2012

      

    2011

      

    American Airlines, Inc. Mainline Jet Operations

            

    Revenue passenger miles (millions)

    33,302

      

    33,898

      

    (1.8)

     

    Available seat miles (millions)

    38,955

      

    39,936

      

    (2.5)

     

    Cargo ton miles (millions)

    425

      

    444

      

    (4.4)

     

    Passenger load factor

    85.5%

      

    84.9%

      

    0.6

    pts

    Passenger revenue yield per passenger mile (cents)

    14.74

      

    14.21

      

    3.7

     

    Passenger revenue per available seat mile (cents)

    12.60

      

    12.06

      

    4.5

     

    Cargo revenue yield per ton mile (cents)

    36.71

      

    39.54

      

    (7.2)

     

    Operating expenses per available seat mile, excluding Regional Affiliates (cents) (1)

    14.45

      

    13.93

      

    3.8

     

    Fuel consumption (gallons, in millions)

    618

      

    635

      

    (2.5)

     

    Fuel price per gallon (dollars)

    3.11

      

    3.15

      

    (1.4)

     
             

    Regional Affiliates

            

    Revenue passenger miles (millions)

    2,649

      

    2,634

      

    0.6

     

    Available seat miles (millions)

    3,468

      

    3,497

      

    (0.8)

     

    Passenger load factor

    76.4%

      

    75.3%

      

    1.1

    pts

             

    AMR Corporation

            

    Average Equivalent Number of Employees

            

    American Airlines

    64,900

      

    67,100

        

    Other

    13,000

      

    13,700

        

    Total

    77,900

      

    80,800

        
             
              
     

    (1)

    Excludes $764 million and $800 million of expense incurred related to Regional Affiliates in 2012 and 2011, respectively.

      

    AMR CORPORATION

    NON-GAAP AND OTHER RECONCILIATIONS

    (Unaudited)

      

    American Airlines, Inc. Mainline Jet Operations

    Three Months Ended

    September 30,

    (in millions, except as noted)

    2012

      

    2011

    Operating expenses per available seat mile,

      excluding Regional Affiliates (cents)

        

    14.45

      

    13.93

    Less: Fuel expense per available seat mile (cents)

    5.59

      

    5.01

    Operating expenses per available seat mile, excluding

      Regional Affiliates and fuel expenses (cents)

     

    8.86

      

     

    8.92

          

    Percent change

    (0.7)%

       
          

    American Airlines, Inc. Mainline Jet Operations

    Three Months Ended

    September 30,

    (in millions, except as noted)

    2012

      

    2011

          

    Total operating expenses

    $          6,395

      

    $          6,361

    Less: Operating expenses incurred

      related to Regional Affiliates

    764

      

    800

    Operating expenses excluding expenses

      incurred related to Regional Affiliates

    $          5,631

      

    $          5,561

    American mainline jet operations available seat miles

    38,955

      

    39,936

    Operating expenses per available seat mile, excluding

      Regional Affiliates (cents)

    14.45

      

    13.93

          

    Percent change

    3.8%

       
          

    Less: Impact of reorganization and special Items (cents)

    0.54

      

    -

    Operating expenses per available seat mile, excluding Regional

        
     

    Affiliates and impact of reorganization and

      special items (cents)

    13.91

      

    13.93

          

    Percent change

    (0.1)%

       
          

    Less: Fuel cost per available seat mile (cents)

    4.93

      

    5.01

    Operating expenses per available seat mile, excluding

      Regional Affiliates,  impact of reorganization and special

      items, and fuel expenses (cents)

    8.98

      

    8.92

          

    Percent change

    0.7%

       
          

    Note: The Company believes that operating expenses per available seat mile, excluding the cost of fuel, reorganization items and special items, assists investors in understanding the impact of fuel prices and special items on the Company's operations.

       

    AMR CORPORATION

    NON-GAAP AND OTHER RECONCILIATIONS

    (Unaudited)

       

    AMR Corporation Consolidated

     

    Three Months Ended

    September 30,

    (in millions, except as noted)

    2012

      

    2011

          

    Total operating expenses

    $        6,378

      

    $        6,337

    Available seat miles

    42,423

      

    43,432

    Operating expenses per available seat mile (cents)

    15.03

      

    14.59

    Less: Impact of reorganization and special Items (cents)

    0.49

      

    -

          

    Operating expenses per available seat mile, excluding

         impact of reorganization and special items (cents)

     

    14.54

      

     

    14.59

          

    Percent change

    (0.4)%

       
          

    Less: Fuel expense per available seat mile (cents)

    5.14

      

    5.19

    Operating expenses per available seat mile, excluding impact

      of reorganization and special items and fuel expense (cents)

    9.40

      

    9.40

          

    Percent change

    (0.0)%

       
           
        

    AMR CORPORATION

    CONSOLIDATED STATEMENT OF OPERATIONS

    (in millions, except per share amounts)

    (Unaudited)

        
     

    Nine Months Ended

    September 30,

     

    Percent

     

    2012

     

    2011

     

    Change

    Revenues

         

        Passenger - American Airlines

    $      14,303

     

    $      13,508

     

    5.9

                          - Regional Affiliates

    2,208

     

    2,023

     

    9.1

        Cargo

    499

     

    532

     

    (6.2)

        Other revenues

    1,908

     

    1,960

     

    (2.7)

          Total operating revenues

    18,918

     

    18,023

     

    5.0

          

    Expenses

         

      Aircraft fuel

    6,555

     

    6,299

     

    4.1

      Wages, salaries and benefits

    5,342

     

    5,262

     

    1.5

      Other rentals and landing fees

    990

     

    1,070

     

    (7.5)

      Maintenance, materials and repairs

    1,047

     

    983

     

    6.4

      Depreciation and amortization

    777

     

    815

     

    (4.8)

      Commissions, booking fees and credit card expense

    806

     

    809

     

    (0.4)

      Aircraft rentals

    410

     

    483

     

    (15.2)

      Food service

    394

     

    390

     

    1.0

      Special charges

    329

     

    -

     

    *

      Other operating expenses

    2,164

     

    2,182

     

    (0.8)

        Total operating expenses

    18,814

     

    18,293

     

    2.8

          

    Operating Income (Loss)

    104

     

    (270)

     

    *

          

    Other Income (Expense)

         

      Interest income

    20

     

    20

     

    (2.7)

      Interest expense

    (503)

     

    (626)

     

    (19.7)

      Interest capitalized

    36

     

    28

     

    31.2

      Miscellaneous – net

    (29)

     

    (36)

     

    (19.4)

        Total other income

    (476)

     

    (614)

     

    (22.5)

          

    Income (Loss) Before Reorganization Items, Net

    (372)

     

    (884)

     

    (57.9)

    Reorganization Items, Net

    (1,767)

     

    -

     

    *

    Income Before Income Taxes

    (2,139)

     

    (884)

     

    *

    Income tax

    -

     

    -

     

    -

    Net Income

    $       (2,139)

     

    $          (884)

     

    *

          

    Earnings Per Share

         

    Basic

    $         (6.38)

     

    $         (2.64)

      

    Diluted

    $         (6.38)

     

    $         (2.64)

      
          

    Number of Shares Used in Computation

         

      Basic

    335

     

    334

      

      Diluted

    335

     

    334

      
          

    * Greater than 100%

         

     

      

    AMR CORPORATION

    OPERATING STATISTICS

    (Unaudited)

     

    OPERATING STATISTICS BY REGIONAL ENTITY

      

    American Airlines, Inc.

    Nine Months Ended September 30, 2012

    Entity Results

     

    RASM1

     

    Y-O-Y

     

    ASMs2

     

    Y-O-Y

      

    (cents)

     

    Change

     

    (billions)

     

    Change

             

    DOT Domestic

     

    12.30

     

    7.3%

     

    67.9

     

    (2.2%)

    International

     

    12.59

     

    8.0%

     

    47.3

     

    (0.6%)

         DOT Latin America

     

    14.10

     

    7.2%

     

    23.2

     

    2.8%

         DOT Atlantic

     

    11.36

     

    6.5%

     

    17.2

     

    (5.8%)

         DOT Pacific

     

    10.58

     

    13.3%

     

    6.9

     

    2.0%

             

    American Airlines, Inc.

    Nine Months Ended September 30, 2012

    Entity Results

     

    Load Factor

     

    Y-O-Y

     

    Yield

     

    Y-O-Y

      

    (pts)

     

    Change (pts)

     

    (cents)

     

    Change

             

    DOT Domestic

     

    84.0

     

    0.8

     

    14.65

     

    6.3%

    International

     

    82.1

     

    2.1

     

    15.33

     

    5.3%

         DOT Latin America

     

    81.3

     

    0.3

     

    17.35

     

    6.8%

         DOT Atlantic

     

    83.1

     

    3.2

     

    13.67

     

    2.4%

         DOT Pacific

     

    82.8

     

    5.0

     

    12.78

     

    6.4%

      

    1

    Revenue per Available Seat Mile

    2

    Available Seat Miles

        

    AMR CORPORATION

    NON-GAAP AND OTHER RECONCILIATIONS

    (in millions)

    (Unaudited)

        
     

    Nine Months Ended

    September 30,

     

    Percent

     

    2012

     

    2011

     

    Change

          

    Net Income

    $       (2,139)

     

    $      (884)

     

    *

    Special Charges

    329

     

    -

     

    *

    Reorganization Items

    1,767

     

    -

     

    *

    Net Income Excluding Reorganization and Special Items

    (43)

     

    (884)

     

    (95.2)

          

    * Greater than 100%

         
       

    AMR CORPORATION

    OPERATING STATISTICS

    (Unaudited)

       
     

    Nine Months Ended

    September 30,

    Percent Change

     

    2012

      

    2011

      

    American Airlines, Inc. Mainline Jet Operations

            

    Revenue passenger miles (millions)

    95,849

      

    95,851

      

    0.0

     

    Available seat miles (millions)

    115,162

      

    117,013

      

    (1.6)

     

    Cargo ton miles (millions)

    1,325

      

    1,342

      

    (1.2)

     

    Passenger load factor

    83.2%

      

    81.9%

      

    1.3

    pts

    Passenger revenue yield per passenger mile (cents)

    14.92

      

    14.09

      

    5.9

     

    Passenger revenue per available seat mile (cents)

    12.42

      

    11.54

      

    7.6

     

    Cargo revenue yield per ton mile (cents)

    37.63

      

    39.62

      

    (5.0)

     

    Operating expenses per available seat mile, excluding Regional Affiliates (cents) (1)

    14.41

      

    13.73

      

    4.9

     

    Fuel consumption (gallons, in millions)

    1,815

      

    1,858

      

    (2.3)

     

    Fuel price per gallon (gallons)

    3.19

      

    3.01

      

    6.1

     
             

    Regional Affiliates

            

    Revenue passenger miles (millions)

    7,703

      

    7,354

      

    4.8

     

    Available seat miles (millions)

    10,248

      

    10,064

      

    1.8

     

    Passenger load factor

    75.2%

      

    73.1%

      

    2.1

    pts

             

    AMR Corporation

            

    Average Equivalent Number of Employees

            

    American Airlines

    65,300

      

    66,550

        

    Other

    13,000

      

    13,600

        

    Total

    78,300

      

    80,150

        
     

    (1)

    Excludes $2.3 billion and $2.3 billion of expense incurred related to Regional Affiliates in 2012 and 2011, respectively.

      

    AMR CORPORATION

    NON-GAAP AND OTHER RECONCILIATIONS

    (Unaudited)

      

    AMR Corporation Consolidated

    Nine Months Ended

    September 30,

    (in millions, except as noted)

    2012

      

    2011

          

    Total operating expenses

    $      18,814

      

    $      18,293

    Available seat miles

    125,410

      

    127,078

    Operating expenses per available seat mile (cents)

    15.00

      

    14.40

    Less: Impact of reorganization and special Items (cents)

    0.26

      

    0.03

          

    Operating expenses per available seat mile, excluding

      impact of reorganization and special items (cents)

     

    14.74

      

     

    14.37

          

    Percent change

    2.6%

       
          

    Less: Fuel expense per available seat mile (cents)

    5.23

      

    4.96

    Operating expenses per available seat mile, excluding impact

      of reorganization and special items and fuel expense (cents)

     

     

    9.51

      

     

    9.41

          

    Percent change

    1.1%

       
      
      
      
      

    American Airlines, Inc. Mainline Jet Operations

    Nine Months Ended

    September 30,

    (in millions, except as noted)

    2012

      

    2011

          

    Total operating expenses

    $      18,853

      

    $      18,379

    Less: Operating expenses incurred related to Regional Affiliates

    2,262

      

    2,314

    Operating expenses excluding expenses incurred related to

      Regional Affiliates

    $      16,591

      

    $      16,065

    American mainline jet operations available seat miles

    115,162

      

    117,013

    Operating expenses per available seat mile, excluding Regional

      Affiliates (cents)

    14.41

      

    13.73

          

    Percent change

    4.9%

       
          

    Less: Impact of reorganization and special Items (cents)

    0.29

      

    0.03

    Operating expenses per available seat mile, excluding Regional

        
     

    Affiliates and impact of reorganization and special items (cents)

    14.12

      

    13.70

          

    Percent change

    3.1%

       
          

    Less: Fuel cost per available seat mile (cents)

    5.03

      

    4.77

    Operating expenses per available seat mile, excluding

      Regional Affiliates, impact of reorganization and special items,

      and fuel expenses (cents)

     

    9.09

      

     

    8.93

          

    Percent change

    1.9%

       
     

    Note: The Company believes that operating expenses per available seat mile, excluding the cost of fuel, reorganization items and special items, assists investors in understanding the impact of fuel prices and special items on the Company's operations.

    Current AMR Corp. news releases can be accessed at http://www.aa.com

    SOURCE AMR Corporation

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