AMR Corp. (AAMRQ) adj.-PRASM Up 5.9% in August
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AMR Corporation (OTCBB: AAMRQ) reported August 2012 consolidated revenue and traffic results for its principal subsidiary, American Airlines, Inc., and its wholly owned subsidiary, AMR Eagle Holding Corporation.
August's consolidated passenger revenue per available seat mile (PRASM) increased an estimated 4.1 percent versus the same period last year, continuing the positive trend seen in prior months. Excluding the unique impact on AMR's Miami hub operation due to Hurricane Isaac in August 2012, and the effect of the 2011 FAA excise tax suspension, unit revenue improvement in August 2012 would have been approximately 1.8 points higher.
Consolidated traffic increased 0.1 percent year-over-year, on 1.5 percent lower capacity, resulting in a consolidated load factor of 85.8 percent, an increase of 1.4 points versus the same period last year.
Domestic load factor increased 1.1 points to 87.2 percent, as capacity and traffic were 2.0 and 0.7 percent lower year-over-year, respectively.
International traffic increased 0.6 percent on 1.4 percent less capacity, resulting in an international load factor of 85.8 percent, an increase of 1.7 points compared to the same period last year. The Pacific entity recorded a load factor of 86.1 percent and led the international entities with a 3.5 point load factor increase.
On a consolidated basis, the company boarded 9.6 million passengers in August.
August's consolidated passenger revenue per available seat mile (PRASM) increased an estimated 4.1 percent versus the same period last year, continuing the positive trend seen in prior months. Excluding the unique impact on AMR's Miami hub operation due to Hurricane Isaac in August 2012, and the effect of the 2011 FAA excise tax suspension, unit revenue improvement in August 2012 would have been approximately 1.8 points higher.
Consolidated traffic increased 0.1 percent year-over-year, on 1.5 percent lower capacity, resulting in a consolidated load factor of 85.8 percent, an increase of 1.4 points versus the same period last year.
Domestic load factor increased 1.1 points to 87.2 percent, as capacity and traffic were 2.0 and 0.7 percent lower year-over-year, respectively.
International traffic increased 0.6 percent on 1.4 percent less capacity, resulting in an international load factor of 85.8 percent, an increase of 1.7 points compared to the same period last year. The Pacific entity recorded a load factor of 86.1 percent and led the international entities with a 3.5 point load factor increase.
On a consolidated basis, the company boarded 9.6 million passengers in August.
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