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.
by RTT Staff Writer
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