19-Apr-2013 3:53 PM

AMR Corp reports operating profit in 1Q2013; highest quarterly yield

AMR Corp revenue up 1% – financial highlights for three months ended 31-Mar-2013:

  • Total operating revenue: USD6098 million, +1.0% year-on-year;
    • Passenger: USD5293 million, +1.3%;
    • Cargo: USD155 million, -8.0%;
  • Total operating costs: USD6046 million, -1.3%;
    • Fuel: USD2200 million, +1.6%;
    • Labour: USD1484 million, -16.7%;
  • Operating profit: USD52 million, compared to a loss of USD89 million in p-c-p;
  • Net profit (loss): (USD341 million), compared to a loss of USD1660 million in p-c-p;
  • Passenger traffic (RPMs): +0.6%;
  • Passenger load factor: 79.9%, +1.5 ppt;
  • Passenger yield: USD 16.27 cents, +0.6%;
  • Passenger revenue per ASM: USD 13.00 cents, +2.6%;
  • Cargo yield: USD 37.72 cents, -0.2%;
  • Total assets: USD23,615 million, +1.5% when compared to period ended 31-Dec-2012;
  • Cash: USD599 million, +26.4% when compared to period ended 31-Dec-2012;
  • Total liabilities: USD33,880 million, +2.0% when compared to period ended 31-Dec-2012;
  • 2Q2013 forecast:
    • Capacity: +1.0%;
  • Fy2013 forecast:

AMR Corp: “We achieved a quarterly yield that was the highest in company history for any quarter, and an all-time first quarter record in revenue. As we look to the second quarter, we remain focused on delivering for our customers through new products and services, the renewal of our fleet and greater access to more destinations across our growing global network,” Virasb Vahidi, CCO. Source: Company statement, 18-Apr-2013.

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