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FORT WORTH, Texas, Dec. 13, 2012 /PRNewswire/ -- On Monday, December 10, the company's press release announcing November 2012 Revenue and Traffic results contained inadvertent errors in the year-to-date totals, and in reported regional and consolidated traffic and capacity results. There were no changes to the mainline traffic information or the unit revenue results for November. The complete corrected press release is included below.
AMR Corporation reported November 2012 consolidated revenue and traffic results for its principal subsidiary, American Airlines, Inc., and its wholly owned subsidiary, AMR Eagle Holding Corporation.
Consolidated capacity and traffic were 2.1 percent and 0.9 percent higher year-over-year respectively, resulting in a consolidated load factor of 80.7 percent, a decrease of 1.0 points versus the same period last year.
International traffic was 4.6 percent higher on a 5.2 percent increase in capacity, resulting in an international load factor of 78.9 percent, 0.5 points lower compared to the same period last year. The Atlantic entity recorded the highest load factor of 79.9 percent, an increase of 2.3 points versus November 2011.
Domestic load factor decreased 1.5 points to 82.8 percent, as traffic decreased 1.2 percent on 0.6 percent more capacity.
November's consolidated passenger revenue per available seat mile (PRASM) decreased an estimated 2.3 percent versus the same period last year. American estimates that Hurricane Sandy and the early November snow storm in the Northeast negatively impacted November revenues by approximately $25 million, and lowered unit revenue by 1.5 percentage points. Separately, operational disruptions that took place in late September and early October affected bookings for November travel, negatively impacting revenues in the month by an estimated $30 million, and lowered unit revenue by an additional 1.8 percentage points. American estimates that absent these events, PRASM in November 2012 would have been approximately 1.0 percent higher than in November 2011.
On a consolidated basis, the company boarded 8.6 million passengers in November.
The Company's Results Are Detailed Below:
AMR PRELIMINARY RESULTS SUMMARY
November 2012 consolidated year-over-year PRASM change
November 2011 consolidated PRASM (cents/ASM)
November 2012 consolidated fuel price including effective hedges & taxes (dollars/gallon)
AMR TRAFFIC SUMMARY
EXCLUDES CHARTER SERVICES
REVENUE PASSENGER MILES (000)
AVAILABLE SEAT MILES (000)
SYSTEM CARGO TON MILES (000)
Note: Regional data is inclusive of American Eagle®, Executive Airlines®, and AmericanConnection®.
Cautionary Statement Regarding Forward-Looking Statements and Information This news release could be viewed as containing forward-looking statements or information. Actual results may differ materially from the results suggested by the statements and information contained herein for a number of reasons, including, but not limited to, the impact of the bankruptcy filings of the Company and certain of its U.S. subsidiaries, the Company's ability to refinance, extend or repay its near and intermediate term debt, the Company's substantial level of indebtedness and related interest rates, the potential impact of volatile and rising fuel prices, impairments and restructuring charges. The Company cannot predict what the ultimate value of any of its securities may be or whether holders of any such securities will receive any distribution in the Company's reorganization. However, it is likely that the Company's common stock will have little or no value at the time of the Company's emergence from bankruptcy, and the common stock could be canceled entirely upon the approval of the Bankruptcy Court. In the event of such cancellation, amounts invested in the Company's common stock will not be recoverable. Accordingly, the Company urges that caution be exercised with respect to existing and future investments in any of these securities (including the Company's common stock) or other Company claims. Readers are referred to the documents filed by the Company with the Securities and Exchange Commission, including the Company's Form 10-K for the period ended December 31, 2011, which further identify the important risk factors that could cause actual results to differ materially from the forward-looking statements in this news release. The Company disclaims any obligation to update any forward-looking statement or information.
About American Airlines American Airlines, American Eagle® and the AmericanConnection® carrier serve 260 airports in more than 50 countries and territories with, on average, more than 3,500 daily flights. The combined network fleet numbers nearly 900 aircraft. American's award-winning website, AA.com®, provides users with easy access to check and book fares, plus personalized news, information and travel offers. American Airlines is a founding member of the oneworld® alliance, which brings together some of the best and biggest names in the airline business, enabling them to offer their customers more services and benefits than any airline can provide on its own. Together, its members and members-elect serve more than 900 destinations with more than 9,000 daily flights to 150 countries and territories. American Airlines, Inc. and American Eagle Airlines, Inc. are subsidiaries of AMR Corporation. AmericanAirlines, American Eagle, AmericanConnection, AA.com, and AAdvantage are trademarks of American Airlines, Inc. AMR Corporation common stock trades under the symbol "AAMRQ" on the OTCQB marketplace, operated by OTC Markets Group.
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