AMR Corp expects unit revenue to increase by up to 7.8% in 1Q2010

AMR Corp, parent of American Airlines, expects (22-Mar-2010) consolidated unit revenue to increase between 6.8% and 7.8% for the three months ended 31-Mar-2010. AMR Corp provided the following forecasts for 1Q2010 and FY2010:

• 1Q2010:
  • Unit Revenue: USD+6.8% to +7.8% year-on-year;
    • Mainline: +6.5% to +7.5%;
    • Cargo and other: +4.1% to +5.1%;
  • Cost per ASM: USD 13.61 cents;
    • Mainline: USD 12.96 cents;
  • Cost per ASM excl fuel and special items: USD 9.69 cents;
    • Mainline: USD 9.16 cents;
  • Mainline traffic (RPMs): 28,629 million;
  • Mainline capacity (ASMs): 36,763 million;
• FY2010:
  • Cost per ASM: USD 13.24 cents;
    • Mainline: USD 12.63 cents;
  • Cost per ASM excl fuel and special items: USD 9.31 cents;
    • Mainline: USD 8.85 cents;
  • Mainline traffic (RPMs): 124,817 million;
  • Mainline capacity (ASMs): 153,276 million.

AMR Corp expects to report a cash and short-term investment balance of USD4.9 billion, including USD460 million in restricted cash and short-term investments, at the end of 1Q2010. [more]