22-Sep-2010 1:06 PM

American Airlines parent expects increase in unit revenue in 3Q2010

AMR Corp, parent of American Airlines, stated (21-Sep-2010) it expects to end the Sep-2010 quarter with a cash and short-term investment balance of USD4.8 billion, including USD450 million in restricted cash and short-term investments. Details include:

  • 3Q2010 forecast:
    • Revenue:
      • Cargo and other: +6.6% to +7.6% year-on-year;
    • Revenue per ASM: +9.8% to +10.8%;
      • Mainline: +9.8% to +10.8%;
    • Cost per ASM: USD 12.80 cents;
      • Mainline: USD 12.24 cents;
    • Cost per ASM excl fuel: USD 9.07 cents;
      • Mainline: USD 8.64 cents;
    • Passenger traffic (RPMs):
      • Mainline: 33,508 million;
    • Capacity (ASMs):
      • Mainline: 39,904 million;
  • FY2010 forecast:
    • Cost per ASM: USD 13.15 cents;
      • Mainline: USD 12.54 cents;
    • Cost per ASM excl fuel: USD 9.31 cents;
      • Mainline: USD 8.83 cents;
    • Passenger traffic (RPMs):
      • Mainline: 125,338 million;
    • Capacity (ASMs):
      • Mainline: 153,375 million.

AMR also reported the following fuel hedge positions:

  • 3Q2010: 44% hedged with an average cap of USD2.37 (USD89 crude equivalent) with 43% subject to a floor of USD1.80 (USD65 crude equivalent);
  • FY2010: 38% hedged with an average cap of USD2.42 (USD91 crude equivalent) with 37% subject to a floor of USD1.83 (USD66 crude equivalent). [more]

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