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AMR Corp reports record revenue and return to operating profit in 2012

17-Jan-2013 2:21 PM

AMR Corp revenue stable – financial highlights:

  • Three months ended 31-Dec-2012:
    • Total operating revenue: USD5937 million, -0.3% year-on-year;
    • Total operating costs: USD5933 million, -12.0%;
      • Fuel: 2162 million, +7.8%;
      • Labour: USD1555 million, -13.1%;
    • Operating profit: USD4 million, compared to a loss of USD783 million in p-c-p;
    • Net profit: USD262 million, compared to a loss of USD1095 million in p-c-p;
    • Passenger traffic (RPMs): -0.3%;
    • Passenger load factor: 81.0%, -0.4 ppt;
    • Passenger yield: USD 15.56 cents, +0.5%;
    • Passenger revenue per ASM: USD 12.61 cents, stable;
    • Cargo yield: USD 38.98 cents, +0.5%;
  • 12 months ended 31-Dec-2012:
    • Total operating revenue: USD24,855 million, +3.7%;
    • Total operating costs: USD24,748 million, -1.1%;
      • Fuel: USD8717 million, +5.0%;
      • Labour: USD6897 million, -2.2%;
    • Operating profit: USD107 million, compared to a loss of USD1054 million in p-c-p;
    • Net profit (loss): (USD1876 million), compared to a loss of USD1979 million in p-c-p;
    • Passenger traffic: +0.2%;
    • Passenger load factor: 82.25, +0.9 ppt;
    • Passenger yield: USD 15.85 cents, +4.6%;
    • Passenger revenue per ASM: USD 13.03 cents, +5.8%;
    • Cargo yield: USD 37.97 cents, -3.7%;
    • Cash and short-term investments: USD850 million;
  • 1Q2013 forecast:
    • Capacity: -1.7% year-on-year;
    • Unit costs: Expected to improve year-on-year. [more – original PR]

AMR Corp: “[We generated] record revenue and a return to an operating profit for the year while restructuring every aspect of our company. I want to thank all of our people for their dedication, hard work and commitment to serving our customers during this time. Our momentum is growing toward emerging as a strong, healthy and vibrant competitor. In fact, with what we have accomplished, we expect to show strong results beginning in the first quarter of 2013,” Tom Horton, CEO. Source: Company statement, 16-Jan-2013.