Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

AMR Corp. March Traffic, Capacity Rises - Quick Facts

AMR Corp. (AAMRQ.PK) reported March 2013 consolidated revenue and traffic results for its principal unit, American Airlines, Inc., and its subsidiary, AMR Eagle Holding Corp.

The airline said its monthly traffic rose 1.0 percent to 11.77 billion revenue passenger miles or RPMs, from 11.66 billion RPMs a year ago. Consolidated available seat miles or capacity was 0.1 percent higher year-over-year amounting to 14.24 billion for the recent month.

On the other hand, consolidated load factor in March was 82.7 percent, 0.7 points higher versus 81.9 percent in the same period last year.

March's consolidated passenger revenue per available seat mile or PRASM increased an estimated 0.3 percent versus last year. On a consolidated basis, the company boarded 9.4 million passengers in the month of March.

A U.S. Bankruptcy Court judge late last month approved insolvent AMR Corp.'s planned merger with US Airways Group Inc. (LCC), easing the process towards formation of the world's largest airline. AMR, parent of American Airlines, filed for Chapter 11 bankruptcy in November 2011 amid increasing labor costs and an obstreperous labor union.

Click here to receive FREE breaking news email alerts for AMR Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Social networking giant Facebook, Inc. said Wednesday after the markets closed that its second quarter profit more than doubled from last year, as revenue surged 61% amid strong growth in mobile advertising. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. With traders reacting to the latest batch of earnings news, stocks fluctuated over the course of the trading day on Wednesday before eventually ending the session mixed. The Dow ended the day in the red, but the broader Nasdaq and S&P 500 managed to close in positive territory. House Republicans revealed a series of recommendations to address the crisis along the U.S.-Mexico border on Wednesday, although party differences may prevent a final bill from being passed before the August recess.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.