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21-Jan-2010 3:11 PM

American Airlines revenue down 7.4%, operating loss widens in 4Q2009

American Airlines revenue down 7.4% - financial/traffic highlights:

  • Three months ended 31-Dec-2009:
    • Total operating revenue: USD5,063 million, -7.4% year-on-year;
    • Total operating cost: USD5,453 million, -3.7%;
      • Labour: USD1,719 million, -0.1%;
      • Fuel: USD1,468 million, -19.3%;
    • Operating profit (loss): (USD390 million), compared to a loss of USD196 million in the previous corresponding period;
    • Net profit (loss): (USD344 million), compared to a loss of USD347 million in the previous corresponding period;
    • Mainline operations:
      • Passenger traffic: -1.6%;
      • Passenger load factor: 81.1%, +2.8 ppts;
      • Passenger yield per RPM: USD 12.70 cents, -7.6%;
      • Passenger revenue per ASM: USD 10.30 cents, -4.3%;
      • Cargo yield per FTM: USD 34.82 cents, -18.7%;
      • Operating cost per ASM: USD 13.05 cents, +0.4%;
      • Operating cost ex special items and fuel: USD 9.11 cents, +8.3%;
  • 12 months ended 31-Dec-2009:
    • Total operating revenue: USD19,917 million, -16.2%;
    • Total operating cost: USD20,921 million, -18.5%;
      • Labour: USD6,807 million, +2.3%;
      • Fuel: USD5,553 million, -38.4%;
    • Operating profit (loss): (USD1,004 million), compared to a loss of USD1,889 million in the previous corresponding period;
    • Net profit (loss): (USD1,468 million), compared to a loss of USD2,118 million in the previous corresponding period;
    • Mainline operations:
      • Passenger traffic (RPMs): -7.1%;
      • Passenger load factor: 80.7%, +0.1 ppt;
      • Passenger yield per RPM: USD 12.28 cents, -11.2%;
      • Passenger revenue per ASM: USD 9.91 cents, -11.1%;
      • Cargo traffic (FTMs): -17.4%;
      • Cargo yield per FTM: USD 34.91 cents, -19.9%;
      • Operating cost per ASM: USD 12.22 cents, -11.9%;
      • Operating cost ex special items and fuel: USD 8.71 cents, +6.9%;
  • 1Q2010 forecast:
    • Mainline operating cost per ASM: USD 12.91 cents, +9.2%;
    • Mainline operating cost per ASM ex special items and fuel: USD 9.58 cents +4.5%. [more][more - Perspective]

American Airlines: "In 2009, our company once again proved its resiliency and ability to battle through challenges while continuing to work toward a successful future. The fuel crisis of 2008 was replaced by the worst recession in decades, which hurt travel demand severely, and tight capital markets. Yet, we took steps to address those challenges by bolstering our liquidity and financial flexibility and remaining disciplined with capacity. At the same time, we strengthened our global network, reinvested in our fleet and products, and made strides to improve our dependability and our customers' experience,” Gerard Arpey, Chairman & CEO. Source: AMR, 20-Jan-2010.

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