AMR Q1 EPS 0.3 usd, up from 0.49 usd loss; revenues up 1.6 pct

AMR Q1 EPS 0.3 usd, up from 0.49 usd loss; revenues up 1.6 pct

	Published : Wed, 18 Apr 2007 16:40 By : Agencies Print this Story

LONDON (Thomson Financial) - AMR Corp, the parent company of American Airlines, reported diluted earnings per share of 0.30 usd for the first quarter compared with a loss of 0.49 usd per share in the first quarter of 2006.

AMR said first-quarter consolidated revenues rose 1.6 pct to approximately 5.4 bln in the first quarter compared with the first quarter of 2006 despite 'significant weather challenges'.

It reported a net profit of 81 mln usd for the first quarter compared with a net loss of 92 mln last year.

American Airline's mainline load factor -- or the percentage of total seats filled -- rose to 78.1 pct in the first quarter from 77.2 pct in the first quarter of 2006.

Its mainline passenger revenue per available seat mile (unit revenue) rose 4.5 percent in the most recent quarter compared witht he first quarter of last year, it said, although mainline capacity, or total available seat miles, fell 2.5 percent in the same comparison.

Its mainline cost per available seat mile (unit cost) rose 0.9 pct in the first quarter, or 1.6 percentage points higher than anticipated, it said. AMR attributed this increase largely to weather disruptions that forced it to cancel 2.9 pct of mainline scheduled departures for the first quarter.

Looking ahead, AMR said it expects its full-year mainline capacity to fall 1.8 pct in 2007 compared with last year, with domestic capacity to fall 2 pct and international capacity to fall 0.9 pct. In the second quarter of 2007, it expects mainline capacity to decrease by 3.1 pct year on year.

AMR said it expects full-year mainline unit costs to increase 1.6 pct this year compared with last year, while mainline unit costs are expected to rise 2.1 pct in the second quarter compared with the second quarter of 2006.

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