AMR Corp reports USD142m operating profit, record quarterly revenue in 2Q2012

AMR Corp revenue up 6% - financial highlights:

• Three months ended 30-Jun-2012:
  • Operating revenue: USD6452 million, +5.5% year-on-year;
  • Operating costs: USD6310 million, +1.9%;
    • Fuel: USD2209 million, +0.3%;
    • Labour: USD1778 million, +0.8%;
  • Operating profit: USD142 million, compared to a loss of USD78 million in p-c-p;
  • Net profit (loss): (USD241 million), compared to a loss of USD286 million in p-c-p;
  • Mainline operations:
    • Passenger traffic (RPMs): -0.6%;
    • Passenger load factor: 85.1%, +1.5 ppt;
    • Passenger revenue per RPM: USD 14.84 cents, +6.8%;
    • Passenger revenue per ASM: USD 12.63 cents, +8.7%;
    • Cargo revenue per FTM: USD 38.34 cents, -5.9%;
    • Operating costs per ASM: USD 14.55 cents, +5.0%;
• Six months ended 30-Jun-2012:
  • Operating revenue: USD12,490 million, +7.2%;
  • Operating costs: USD12,437 million, +4.0%;
    • Fuel: USD4375 million, +8.2%;
    • Labour: USD3560 million, +2.1%;
  • Operating profit: USD53 million, compared to a loss of USD309 million in p-c-p;
  • Net profit (loss): (USD1900 million), compared to a loss of USD722 million in p-c-p;
  • Mainline operations:
    • Passenger traffic (RPMs): +1.0%;
    • Passenger load factor: 82.1%, +1.7 ppt;
    • Passenger revenue per RPM: USD 15.02 cents, +7.1%;
    • Passenger revenue per ASM: USD 12.33 cents, +9.3%;
    • Cargo revenue per FTM: USD 38.07 cents, -4.0%;
    • Operating costs per ASM: USD 14.38 cents, +5.5%;
  • Total assets: USD24,485 million, +3.8% when compared to period ended 31-Dec-2011;
  • Cash: USD367 million, +31.1% when compared to period ended 31-Dec-2011;
  • Total liabilities: USD35,419 million, +8.6% when compared to period ended 31-Dec-2011. [more – original PR]

AMR Corp: “The company's revenue performance was driven by year-over-year yield improvement and a higher consolidated load factor of 84.5% – a record for any quarter as well. Domestic unit revenue improved 8.6 percent in the second quarter versus the same period last year and, for the second consecutive quarter, the company experienced unit revenue increases across all five of its hubs. These results were supported by strong corporate revenue growth. International unit revenue increased 9.0% in the second quarter, driven by increased load factors across all entities, and strong yield performance. Premium cabin demand improved significantly in both the Atlantic and Pacific entities.” Source: Company statement, 18-Jul-2012.

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