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News Breaks | | | | December 10, 2012 | | 16:08 EDT |  | AAMRQ | AMR Corp. reports November traffic, sees revenue impact of $30M from Sandy
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 1.9% and 0.7% higher year-over-year respectively, resulting in a consolidated load factor of 80.7%, a decrease of 1.0 points versus the same period last year. International traffic was 4.6% higher on a 5.2% increase in capacity, resulting in an international load factor of 78.9%, 0.5 points lower compared to the same period last year. Domestic load factor decreased 1.5 points to 82.8%, as traffic decreased 1.2% on 0.6% more capacity. November's consolidated passenger revenue per available seat mile decreased an estimated 2.3% 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 $25M, and lowered unit revenue by 1.5%. 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 $30M, and lowered unit revenue by an additional 1.8%. American estimates that absent these events, PRASM in November 2012 would have been approximately 1% higher than in November 2011. On a consolidated basis, the company boarded 8.6M passengers in November. | |
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| May 16, 2013 | | 08:28 EDT |  | AAMRQ | EU to decide on Delta, Virgin deal next month, Reuters reports
EU antitrust regulators will decide by June 20 whether to clear a bid by Delta Air Lines for a 49% stake in Virgin Atlantic, reports Reuters. Reference Link | | | May 10, 2013 | | 06:47 EDT | | AAMRQ | Delta says airlines have new priorities, NY Times reports
Delta Air Lines' bright, spacious new terminal at New York's Kennedy Airport reflects airlines' new emphasis on better amenities and service, Delta stated, according to the New York Times. The airlines, whose finances have improved, are no longer competing primarily based on price, the newspaper stated. Reference Link | | | May 8, 2013 | | 16:59 EDT | | AAMRQ | AMR Corp. reports April domestic RPM down 1.4% to 6.17M
Reports April International RPM down0.6% to 4.08M. Reports April Atlantic RPM down 4.8% to 1.49M. Reports April Latin America RPM up 4% to 2.02M. Reports April Pacific RPM down 4.7%. Reports April PRASM down 2.9%. Reports April consolidated traffic down 1.1%. | | | 05:44 EDT | | AAMRQ | U.S. airlines' restructuring means less routes, WSJ reports
A decade of restructuring in the U.S. airline industry has resulted in a sharp reduction in air service that is curtailing traveler choice and some local economies even as it improves the industry's health, an MIT study shows, reports the Wall Street Journal. From 2007 through last year, U.S. airlines cut the number of scheduled domestic flights by 14%. The number of seats offered fell by slightly less, as airlines pushed passengers onto bigger planes, says the study. Reference Link | |
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