|
AMR CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share amounts)
(Unaudited)
| |
Three Months
Ended March 31, |
Percent
|
| |
2006
|
|
2005
|
Change
|
|
Revenues |
|
|
|
|
| Passenger -
American Airlines |
$ 4,244
|
|
$ 3,841
|
10.5 |
| - Regional
Affiliates |
569 |
|
451 |
26.2 |
| Cargo |
186 |
|
183 |
1.6 |
| Other
revenues |
345 |
|
275 |
25.5 |
| Total
operating revenues |
5,344 |
|
4,750 |
12.5 |
| |
|
|
|
|
|
Expenses |
|
|
|
|
| Wages,
salaries and benefits |
1,729 |
|
1,644 |
5.2 |
| Aircraft
fuel |
1,473 |
|
1,097 |
34.3 |
| Other
rentals and landing fees |
316 |
|
300 |
5.3 |
|
Depreciation and amortization |
287 |
|
290 |
(1.0) |
|
Commissions, booking fees and credit
card expense |
269 |
|
271 |
(0.7) |
|
Maintenance, materials and repairs |
236 |
|
235 |
0.4 |
| Aircraft
rentals |
146 |
|
148 |
(1.4) |
| Food
service |
124 |
|
125 |
(0.8) |
| Other
operating expenses |
649 |
|
617 |
5.2 |
| Total
operating expenses |
5,229 |
|
4,727 |
10.6 |
| |
|
|
|
|
|
Operating Income |
115 |
|
23 |
* |
| |
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
| Interest
income |
53 |
|
36 |
47.2 |
| Interest
expense |
(261) |
|
(235) |
11.1 |
| Interest
capitalized |
7 |
|
23 |
(69.6) |
|
Miscellaneous – net |
(6) |
|
(9) |
(33.3) |
| |
(207) |
|
(185) |
(11.9) |
| |
|
|
|
|
|
Loss Before Income Taxes |
(92) |
|
(162) |
(43.2) |
| Income tax
|
- |
|
- |
- |
| Net
Loss |
$ (92) |
|
$ (162)
|
(43.2) |
|
Basic and Diluted Loss Per Share |
$ (0.49)
|
$ (1.00)
|
| Number of
Shares Used in Computation |
|
|
| Basic and
Diluted |
186 |
161 |
* Greater than 100%
AMR CORPORATION
OPERATING STATISTICS
(Unaudited)
| |
Three Months
Ended
March 31, |
Percent
Change |
| |
2006
|
|
2005
|
|
|
American Airlines, Inc. Mainline Jet
Operations |
|
|
|
|
| Revenue
passenger miles (millions) |
33,015 |
|
32,327 |
2.1 |
| Available
seat miles (millions) |
42,752 |
|
42,854 |
(0.2) |
| Cargo ton
miles (millions) |
521 |
|
539 |
(3.3) |
| Passenger
load factor |
77.2% |
|
75.4% |
1.8 pts.
|
| Passenger
revenue yield per passenger mile (cents)
|
12.85 |
|
11.88 |
8.2 |
| Passenger
revenue per available seat mile (cents)
|
9.93 |
|
8.96 |
10.8 |
| Cargo
revenue yield per ton mile (cents) |
35.65 |
|
33.95 |
5.0 |
| Operating
expenses per available seat mile,
excluding Regional Affiliates (cents)
(1) |
10.81 |
|
9.80 |
10.3 |
| Fuel
consumption (gallons, in millions) |
705 |
|
729 |
(3.3) |
| Fuel price
per gallon (cents) (2) |
189.0 |
|
136.6 |
38.4 |
| |
|
|
|
|
|
Regional Affiliates |
|
|
|
|
| Revenue
passenger miles (millions) |
2,277 |
|
1,885 |
20.8 |
| Available
seat miles (millions) |
3,257 |
|
2,916 |
11.7 |
| Passenger
load factor |
69.9% |
|
64.7% |
5.2 pts.
|
| |
|
|
|
|
| AMR
Corporation |
|
|
|
|
|
Average Equivalent Number of Employees
|
|
|
|
|
| American
Airlines |
73,200 |
|
75,100 |
|
| Other |
13,400 |
|
13,400 |
|
| Total |
86,600 |
|
88,500 |
|
- Excludes $654 million and $583 million
of expense incurred related to Regional
Affiliates in 2006 and 2005, respectively.
- Includes the impact of a $55 million
fuel excise tax refund in 2005.
AMR CORPORATION
NON-GAAP AND OTHER RECONCILIATIONS
(Unaudited)
|
American Airlines, Inc. Mainline Jet
Operations |
Three Months
Ended March 31, |
| (in
millions, except as noted)
|
2006
|
|
2005
|
|
| |
|
|
|
|
| Total
operating expenses as reported |
$ 5,275
|
|
$ 4,781
|
|
| Less:
Operating expenses incurred related to
Regional Affiliates |
654 |
|
583 |
|
| Operating
expenses, excluding expenses incurred
related to Regional Affiliates |
$4,621 |
|
$ 4,197
|
|
| American
mainline jet operations available seat
miles |
42,752 |
|
42,854 |
|
| Operating
expenses per available seat mile,
excluding Regional Affiliates (cents)
|
10.81 |
|
9.80 |
|
| |
|
|
|
|
| Percent
change |
10.3% |
|
|
|
| |
|
|
|
|
| Operating
expenses, excluding expenses incurred
related to Regional Affiliates |
$ 4,621
|
|
$ 4,197
|
|
| Less: Fuel
expense |
1,332 |
|
996 |
|
| Operating
expenses, excluding expenses incurred
related to Regional Affiliates and fuel
expense |
$ 3,289
|
|
$ 3,201
|
|
| American
mainline jet operations available seat
miles |
42,752 |
|
42,854 |
|
| Operating
expenses per available seat mile,
excluding Regional Affiliates and fuel
expense (cents) |
7.69 |
|
7.47 |
|
| |
|
|
|
|
| Percent
change |
2.9% |
|
|
|
|
Note: The company believes that
operating expenses per available seat
mile, excluding the cost of fuel,
assists investors in understanding the
impact of fuel prices on the Company's
operations. |
|
| AMR
Corporation Fuel Price vs. 1st Quarter
2005 |
|
|
| |
|
|
| Average
fuel price per gallon (cents) |
|
|
| Three
months ended March 31, 2006 |
|
189.7 |
| |
|
|
| Three
months ended March 31, 2005 |
137.9 |
|
| Add: Impact
of fuel credit |
6.9 |
|
| |
|
144.8 |
| Change in
price (cents) |
|
44.9 |
| 2006
consumption (gallons, in millions) |
|
x 776 |
| Impact of
fuel price variance (in millions) |
|
$ 349 |
AMR CORPORATION NON-GAAP
AND OTHER RECONCILIATIONS
(Unaudited)
AMR
Corporation Impact of Special Items
(in millions) |
Three Months
Ended
March 31, |
| |
2006
|
|
2005
|
|
| |
|
|
|
|
| Net loss
|
$ (92) |
|
$ (162)
|
|
| Add: Impact
of special items |
- |
|
(69) |
|
| Net loss
excluding special items |
$ (92) |
|
$ (231)
|
|
| Difference
|
$ (139)
|
|
|
Note: The Company believes that results of
operations excluding the impact of special items
assists investors in understanding the impact of
special items on the Company's operations.
|
