American
Airlines
Stock Symbol: AMR
4333 Amon Carter Boulevard
MD 5443
Fort Worth, TX 76155
800-321-2121 (phone)
Website:
AMR
Industry: Airline
Index Membership: Dow
Jones Composite; Dow
Transportation
American Airlines - AMR
Description:
American Airlines is the
world’s largest airline,
contributing more than $150
billion per year to the U.S.
economy. American and its
regional airline affiliates,
American Eagle and the
American Connection
airlines, serve 250 cities
in over 40 countries with
more than 4,000 daily
flights. Among domestic U.S.
airlines, American’s 2006
market share was 17.8%.
American’s network covers
points throughout North
America, the Caribbean,
Latin America, Europe and
the Pacific. American has
major connecting hubs at
Dallas/Fort Worth, Chicago
O’Hare, Miami, St. Louis and
San Juan, Puerto Rico. About
90% of American’s flights
begin or end at these hubs.
American’s “Transcon”
services between cities on
the U.S. East and West
Coasts have long been
important non-hub flights.
American also has a large
presence in other large U.S.
metropolitan areas – New
York (five airports), Los
Angeles (four airports) and
Boston. In 2006, 35% of
American’s flying was
international – Latin
American and the Caribbean,
15.8%; Europe, 14.3%; and
Pacific, 4.6%. The combined
network fleet numbers more
than 1,000 aircraft. In
2006, American carried more
than 98 million passengers.
The airline has nearly
82,000 employees worldwide.
About 65% of AA’s employees
are represented by one of
three labor unions – Allied
Pilots Association,
Association of Professional
Flight Attendants, Transport
Workers Union.
American Airlines - AMR
Financial Summary:
October 17, 2007 - AMR
Corporation, the parent
company of American
Airlines, Inc., today
reported a net profit of
$175 million for the third
quarter of 2007, or $0.61
per diluted share.
As disclosed in AMR's Sept.
21 investor update, the
results for the third
quarter of 2007 include the
impact of a $40 million
charge, or $0.13 per diluted
share, to reflect an
adjustment for additional
salary and benefit expense
accruals related to years
2003 through 2006 and the
first six months of 2007.
American's mainline load
factor – or the percentage
of total seats filled – was
a record 83.9 percent during
the third quarter, compared
to 81.7 percent in the third
quarter of 2006. American's
third-quarter yield, which
represents average fares
paid, increased 2.3 percent
compared to the third
quarter of 2006, its 10th
consecutive quarter of
year-over-year yield
increases.
AMR reported third quarter
consolidated revenues of
approximately $5.9 billion,
an increase of 1.7 percent
year over year. Other
revenues, including sales
from such sources as
confirmed flight changes,
purchased upgrades,
Buy-on-Board food services,
and third-party maintenance
work, increased 5.7 percent
year over year to $352
million in the third
quarter.
American Airlines - AMR
Business Summary:
AAMR Corporation (AMR),
through its subsidiaries,
operates as a scheduled
passenger airline in the
United States. The company,
through its principal
subsidiary, American
Airlines, Inc., provides
scheduled jet service to
approximately 150
destinations throughout
North America, the
Caribbean, Latin America,
Europe, and Asia. American
Airlines also operates as a
scheduled air freight
carrier, providing a range
of freight and mail services
to shippers throughout its
system. In addition, the
company, through its
subsidiary AMR Eagle Holding
Corporation and other three
independently owned regional
airlines, provides
connecting service from 8 of
American's high-traffic
cities to smaller markets
throughout the United
States, Canada, Mexico, and
the Caribbean under the
names American Eagle and
American Connection. As of
December 31, 2006, AMR's
owned and leased aircraft in
operation included 697
American Airlines Aircrafts
and 306 AMR Eagle Aircrafts.
The company was founded in
1934 and is headquartered in
Fort Worth, Texas.
