AMR Corp targets 7.5% increase in unit revenue in 4Q2010

AMR Corp, parent of American Airlines, stated (16-Dec-2010) it expects to end 4Q2010 with a cash and short-term investment balance of USD4.8 billion. The company also released the following traffic and financial forecast:

• 4Q2010 forecast:
  • Cargo and other revenue: +3.6% to +4.6% year-on-year;
  • Passenger traffic (RPMs):
    • Mainline: 31,131 million;
    • Regional: 2382 million;
  • Capacity (ASMs):
    • Mainline: 38,187 million;
      • Domestic: 23,078 million;
      • International: 15,109 million;
    • Regional: 3247 million;
  • Revenue per ASM: +6.5% to +7.5%;
    • Mainline: +6.5% to +7.5%;
  • Cost per ASM: USD 13.34 cents;
    • Mainline: USD 12.74 cents;
• FY2010 forecast:
  • Passenger traffic (RPMs):
    • Mainline: 125,593 million;
    • Regional: 8828 million;
  • Capacity (ASMs):
    • Mainline: 153,387 million;
      • Domestic: 93,153 million;
      • International: 60,234 million;
    • Regional: 12,211 million;
  • Cost per ASM:
    
    • Mainline: USD 13.21 cents;
    • Regional: USD 12.61 cents. [more]