AMR
CORPORATION
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(Exact
name of registrant as specified in its
charter)
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Delaware
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1-8400
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75-1825172
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(State
of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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4333
Amon Carter Blvd.
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Fort
Worth, Texas
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76155
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(Address
of principal executive offices)
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(Zip
code)
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(817)
963-1234
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(Registrant's
telephone number)
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Item
8.01
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Other
Events
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AMR
CORPORATION
|
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/s/ Kenneth W. Wimberly
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|
Kenneth
W. Wimberly
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Corporate
Secretary
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AMR
EAGLE EYE
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Fuel
Forecast (based on 12/12/08 forward curve)
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Fuel
Hedge Position:
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4Q08:
38% hedged at an average cap of $3.30/gal jet equivalent with 26% subject
to an average floor of $2.66/gal jet equivalent
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FY08:
37% hedged at an average cap of $2.77/gal jet equivalent with 29% subject
to an average floor of $2.25/gal jet equivalent
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AMR
Fuel Price (Including Effective Hedges and Taxes) and
Consumption
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Actual
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Forecast
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Oct
|
Nov
|
Dec
|
4Q08 |
2008
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Fuel
Price (dollars/gal)
|
3.15 | 2.52 | 2.16 | 2.61 | 3.04 | ||||||||||
Fuel
Consumption (MM gals)
|
239.1 | 224.7 | 237.2 | 701.0 | 2,971.8 | ||||||||||
Unit
Cost Forecast (cents)
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AMR
Consolidated Cost per ASM
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Actual
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Forecast
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Oct
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Nov
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Dec
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4Q08 |
2008
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AMR
Cost per ASM
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14.30 | 13.26 | 13.23 | 13.61 | 14.57 | ||||||||||
AMR
Cost per ASM (ex-special items) 1/
2/
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14.29 | 13.19 | 12.54 | 13.35 | 13.84 | ||||||||||
AMR
Cost per ASM (ex-fuel and special items) 1/
2/
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9.03 | 8.97 | 8.88 | 8.96 | 8.71 | ||||||||||
American
Mainline Cost per ASM
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Actual
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Forecast
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Oct
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Nov
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Dec
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4Q08 |
2008
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AA
Cost per ASM
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13.66 | 12.63 | 12.68 | 13.00 | 13.88 | ||||||||||
AA
Cost per ASM (ex-special items) 1/
2/
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13.65 | 12.56 | 11.94 | 12.72 | 13.15 | ||||||||||
AA
Cost per ASM (ex-fuel and special items) 1/
2/
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8.50 | 8.44 | 8.39 | 8.44 | 8.16 | ||||||||||
Notes:
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4Q08
and FY2008 unit cost estimates incorporate effects of capacity reductions
as announced in the second quarter. The increase in ex-fuel unit cost
versus last year is primarily due to cost headwinds associated with
reduced capacity and increased foreign exchange charges.
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1/ The
Company believes that unit costs excluding fuel and/or special items is a
useful measurement to investors in monitoring the Company's ongoing cost
performance.
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2/ Special
items for the fourth quarter are expected to total approximately $107
million; these are non-cash items resulting from pension charges
associated with pilot early retirements as well as aircraft and facility
charges associated with capacity reductions.
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AMR EAGLE EYE |
Capacity
and Traffic Forecast (millions)
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AA
Mainline Operations
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Actual
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Forecast
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Oct
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Nov
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Dec
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4Q08 |
2008
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ASMs
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13,305 | 12,455 | 13,053 | 38,813 | 163,548 | ||||||||||
Domestic
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8,303 | 7,579 | 7,948 | 23,831 | 101,868 | ||||||||||
International
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5,002 | 4,876 | 5,105 | 14,982 | 61,680 | ||||||||||
Traffic
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10,516 | 9,539 | 10,160 | 30,216 | 131,593 | ||||||||||
Regional
Affiliate Operations
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Actual
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Forecast
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Oct
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Nov
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Dec
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4Q08 |
2008
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ASMs
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1,037 | 942 | 967 | 2,947 | 12,631 | ||||||||||
Traffic
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721 | 632 | 646 | 1,999 | 8,833 | ||||||||||
Below
the Line Income/Expenses
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Total
Other Income(Expense) is estimated at ($146) million in the fourth quarter
of 2008.
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AMR
EAGLE EYE
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Share
Count (millions)
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4Q08
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Earnings
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Basic
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Diluted
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$74
million and over
|
279 | 303 | ||||||||||||||||
$0-$73
million
|
279 | 288 | ||||||||||||||||
Loss
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279 | 279 | ||||||||||||||||
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FY2008 | |||||||||||||||||
Earnings
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Basic
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Diluted
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||||||||||||||||
$268
million and over
|
259 | 296 | ||||||||||||||||
$199-$267
million
|
259 | 281 | ||||||||||||||||
$0-198
million
|
259 | 269 | ||||||||||||||||
Loss
|
259 | 259 | ||||||||||||||||
Reconciliation
to GAAP
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Actual
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Forecast
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Oct
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Nov
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Dec
|
4Q08 |
2008
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Cents
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AMR
CASM
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14.30 | 13.26 | 13.23 | 13.61 | 14.57 | |||||||||||||
Less
Special Items CASM
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0.01 | 0.07 | 0.69 | 0.26 | 0.73 | |||||||||||||
AMR
CASM Excluding Special Items
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14.29 | 13.19 | 12.54 | 13.35 | 13.84 | |||||||||||||
Less
Fuel CASM
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5.26 | 4.22 | 3.66 | 4.39 | 5.13 | |||||||||||||
AMR
CASM Excluding Fuel and Special Items
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9.03 | 8.97 | 8.88 | 8.96 | 8.71 | |||||||||||||
Actual
|
Forecast
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Oct
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Nov
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Dec
|
4Q08 |
2008
|
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Cents
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AA
CASM
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13.66 | 12.63 | 12.68 | 13.00 | 13.88 | |||||||||||||
Less
Special Items CASM
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0.01 | 0.07 | 0.74 | 0.28 | 0.73 | |||||||||||||
AA
CASM Excluding Special Items
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13.65 | 12.56 | 11.94 | 12.72 | 13.15 | |||||||||||||
Less
Fuel CASM
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5.15 | 4.12 | 3.55 | 4.28 | 4.99 | |||||||||||||
AA
CASM Excluding Fuel and Special Items
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8.50 | 8.44 | 8.39 | 8.44 | 8.16 |