AMR ended the fourth quarter with
In spite of increasingly challenging capital and credit markets, during 2008 AMR raised nearly
AMR's Total Debt, which it defines as the aggregate of its long-term debt, capital lease obligations, the principal amount of airport facility tax-exempt bonds, and the present value of aircraft operating lease obligations, was
AMR made the full amount of its required
Fourth Quarter 2008 and Recent
Mainline and Consolidated Capacity
AMR expects its full-year mainline capacity to decrease by more than 6.5 percent in 2009 compared to 2008, with a reduction of domestic capacity of approximately 9 percent and a reduction of international capacity of more than 2.5 percent compared to 2008 levels. On a consolidated basis, AMR expects full-year capacity to decrease by nearly 7 percent in 2009 compared to 2008.
AMR expects mainline capacity in the first quarter of 2009 to decrease by more than 8.5 percent compared to the first quarter of 2008, with domestic capacity expected to decline by more than 11.5 percent and international capacity expected to decline by nearly 4 percent compared to first quarter 2008 levels. AMR expects consolidated capacity in the first quarter of 2009 to decrease by more than 8.5 percent compared to the first quarter of 2008.
AMR expects regional affiliate capacity to decline by about 9.5 percent in the first quarter of 2009 compared to the prior-year period and expects full-year regional affiliate capacity to decline by more than 8 percent in 2009 compared to 2008 levels.
Fuel Expense and Hedging
While the cost of jet fuel remains volatile, AMR is planning for an average system price of
Mainline and Consolidated Unit Costs (Excluding the impact of special items)
FORT WORTH, Texas, Jan. 20 /PRNewswire-FirstCall/ -- AMR Corporation, the parent company of American Airlines, Inc., today reported a net loss of $344 million, or $1.03 per share, for the fourth...
FORT WORTH, Texas, July 15 /PRNewswire-FirstCall/ -- AMR Corporation (NYSE: AMR), the parent company of American Airlines, Inc., today reported a net loss of $390 million for the second quarter of...
Parent of AA reports loss: Reduced air travel leads to $344 million in red ink during the fourth quarter
-- Jan. 21--AMR Corp., the parent of American Airlines, reported a fourth-quarter loss of $344 million or $1.03 per share Wednesday as the economic downturn took a toll on air travel...
ATLANTA , Oct. 22 /PRNewswire-FirstCall/ -- Delta Air Lines (NYSE: DAL) today reported financial results for the September 2009 quarter. Key points include: -- Delta's net income...