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AMR Corporation reports operating profit in 3Q2013, highest quarterly net in history

18-Oct-2013 8:49 AM

AMR Corporation revenue up 6% - financial highlights for three months ended 30-Sep-2013: 

  • Total operating revenue: USD6828 million, +6.2% year-on-year;
    • Passenger: USD6019 million, +6.4%;
    • Cargo: USD163 million, +4.6%;
  • Total operating costs: USD6130 million, -3.9%;
    • Fuel: USD2220 million, +1.8%;
    • Labour: USD1546 million, -13.3%;
  • Operating profit: USD698 million, +1269%;
  • Net profit: USD289 million, compared to a loss of USD238 million in p-c-p;
  • Passenger traffic (RPMs): +2.4%;
  • Passenger load factor: 84.3%, -0.5 ppt;
  • Cargo traffic (RTMs): +6.3%;
  • Passenger yield: USD 16.36 cents, +4.0%;
  • Passenger revenue per ASM: USD 13.79 cents, +3.4%;
  • Cargo yield: USD 36.12 cents, -1.6%;
  • Total assets: USD26,780 million;
  • Cash: USD717 million;
  • Total liabilities: USD34,702 million. [more - original PR - 10Q][more - original PR - 8K]

AMR Corp: “We are pleased to report our highest quarterly net profit in American’s history, excluding reorganization and special items, thanks to the hard work of the entire American team. Continued execution on our product, network and alliance strategy, combined with cost efficiencies from restructuring and fleet renewal, creates strong momentum towards our planned merger with US Airways. And we are especially pleased to set aside USD59 million this quarter in expectation of making our first profit-sharing payout since 2001 to our people who have done so much to put American back on top," Tom Horton, Chairman, President and CEO. Source: Company statement, 17-Oct-2013.