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News Breaks | | | | March 8, 2013 | | 08:35 EDT |  | AAMRQ | AMR Corp. reports February traffic results
Consolidated load factor in February was an all-time record high for the month, at 77.9%, 2.6 points higher versus the same period last year. Consolidated capacity and traffic were 4.4% and 1.1% lower year-over-year, respectively. Domestic capacity and traffic were 5% and 1.3% lower year-over-year, respectively, resulting in a domestic load factor of 81.2%, 3.0 points higher compared to the same period last year. International load factor of 74.6% was 2.2 points higher year-over-year, as traffic decreased 0.8% on 3.8 percent less capacity. The Pacific entity recorded the highest load factor of 78.1 percent, an increase of 7.6 points versus February 2012. February's consolidated passenger revenue per available seat mile increased an estimated 4.7% versus the same period last year. On a consolidated basis, the company boarded 7.9M passengers in February. | |
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News For AAMRQ From The Last 14 Days Check below for free stories on AAMRQ the last two weeks. |
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| May 24, 2013 | | 16:58 EDT |  | AAMRQ | Outgoing AMR Corp. CEO's pay opposed by DoJ, Reuters says
AMR Corp.'s (AAMRQ) outgoing CEO Tom Horton's severance pay of nearly $20M allotted as part of the company's plan to emerge from bankruptcy and merge with US Airways (LCC) is being opposed by the Department of Justice, which says the deal violates bankruptcy law, reports Reuters. Reference Link | | | 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 | |
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