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;
- Revenue:
- 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.
- Cost per ASM: USD 13.15 cents;
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]