AMR Corporation today reported August 2012 consolidated revenue and traffic results for its principal subsidiary, American Airlines, Inc., and its wholly owned subsidiary, AMR Eagle Holding Corporation.
August's consolidated passenger revenue per available seat mile (PRASM) increased an estimated 4.1 percent versus the same period last year, continuing the positive trend seen in prior months. Excluding the unique impact on AMR's Miami hub operation due to Hurricane Isaac in August 2012, and the effect of the 2011 FAA excise tax suspension, unit revenue improvement in August 2012 would have been approximately 1.8 points higher.
Consolidated traffic increased 0.1 percent year-over-year, on 1.5 percent lower capacity, resulting in a consolidated load factor of 85.8 percent, an increase of 1.4 points versus the same period last year.
Domestic load factor increased 1.1 points to 87.2 percent, as capacity and traffic were 2.0 and 0.7 percent lower year-over-year, respectively.
International traffic increased 0.6 percent on 1.4 percent less capacity, resulting in an international load factor of 85.8 percent, an increase of 1.7 points compared to the same period last year. The Pacific entity recorded a load factor of 86.1 percent and led the international entities with a 3.5 point load factor increase.
On a consolidated basis, the company boarded 9.6 million passengers in August.
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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 securities may be or whether holders of any such securities will receive any distribution in the Company's reorganization. However, it is likely that the Company's common stock will have little or no value at the time of the Company's emergence from bankruptcy, and the common stock could be canceled entirely upon the approval of the Bankruptcy Court. In the event of such cancellation, amounts invested in the Company's common stock will not be recoverable. 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 Company 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.
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. news releases can be accessed at http://www.aa.com
SOURCE AMR Corp.
