22-Oct-2009 1:03 PM

American Airlines 3Q2009 revenue down 20.2%, operating loss narrows

American Airlines revenue down 20.2% - consolidated financial highlights for the three months ended 30-Sep-2009:

  • Operating revenue: USD5,126 million, -20.2% year-on-year;
  • Operating costs: USD5,320 million, -19.8%;
    • Labour: USD1,702 million, +4.2%;
    • Fuel: USD1,453 million, -46.6%;
  • Operating profit (loss): (USD194 million), compared to a loss of USD216 million in the previous corresponding period;
  • Net profit (loss): (USD359 million), compared to a profit of USD31 million in the previous corresponding period;
  • Mainline operations:
    • Passenger traffic (RPMs): -6.2%;
    • Passenger load factor: 83.9%, +1.8 ppt;
    • Passenger yield per RPM: USD 12.00 cents, -16.3%;
    • Passenger revenue per ASM: USD 10.07 cents, -14.5%;
    • Cargo yield per FTM: USD 32.79 cents, -27.4%;
    • Operating cost per ASM: USD 12.29 cents, -12.1%. [more]

American Airlines: “A difficult revenue environment driven by the weakened global economy continues to overwhelm the benefit of significantly lower fuel prices, but our third quarter accomplishments better position us to address these near-term challenges and be competitive and successful for the long haul,” Company statement. Source: American Airlines, 21-Oct-2009.

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