Tag Archives: N395AN

AMR and the Allied Pilot Association (APA) agree on a new contract

AMR Corporation (Dallas/Fort Worth) (American Airlines) and the Allied Pilots Association (APA) (Dallas/Fort Worth) have agreed on a new contract, still subject to the approval of the members.

Read the full report from Reuters: CLICK HERE

Copyright Photo: Brian McDonough. Members of the Oneworld alliance a sighing in relief with this agreement, if approved, it will allow AA to emerge from Chapter 11 bankruptcy reorganization. Boeing 767-323 ER N395AN (msn 29432) approaches the runway for landing at Miami.

American Airlines: 

 

AMR Corporation posts a net loss of $241 million in the second quarter due to special items

AMR Corporation (Dallas/Fort Worth), the parent company of American Airlines, Inc., today reported second quarter revenue of $6.5 billion, an increase of 5.5 percent year-over-year and the highest quarterly revenue in company history.

In the second quarter of 2012, the company reported a net profit of $95 million, excluding reorganization and special items – a $381 million improvement over the second quarter of 2011. AMR incurred a net loss of $241 million compared to a net loss of $286 million in the same period of 2011.

Consolidated passenger revenue per available seat mile (unit revenue) grew 9.1 percent compared to the second quarter of 2011, and mainline passenger unit revenue increased 8.7 percent.

  • Consolidated passenger yield, representing average fares paid, increased 7.1 percent year-over-year in the second quarter of 2012, and mainline passenger yield increased 6.8 percent.
  • Mainline capacity, or total available seat miles, in the second quarter of 2012 decreased 2.4 percent compared to the same period in 2011.
  • American’s second quarter 2012 mainline load factor, or the percentage of total seats filled, was 85.1 percent – a record for any quarter.

The company’s revenue performance was driven by year-over-year yield improvement and a higher consolidated load factor of 84.5 percent – a record for any quarter as well. Domestic unit revenue improved 8.6 percent in the second quarter versus the same period last year and, for the second consecutive quarter, the company experienced unit revenue increases across all five of its hubs. These results were supported by strong corporate revenue growth.

International unit revenue increased 9.0 percent in the second quarter, driven by increased load factors across all entities, and strong yield performance. Premium cabin demand improved significantly in both the Atlantic and Pacific entities, generating unit revenue increases of 8.5 percent and 18.1 percent, respectively.  American and its joint-business partners, British Airways and Iberia over the Atlantic, and Japan Airlines over the Pacific, have gained momentum in attracting high-value customers to the airlines’ enhanced networks. The Latin American entity posted a 6.7 percent unit revenue increase in the second quarter of 2012, including yield improvements in Mexico and Central and South America.

The second quarter 2012 results include $336 million in special charges and reorganization items.

  • Of that amount, $106 million is related to a special charge, primarily associated with employee severance-related costs.
  • The company recognized $230 million in reorganization items resulting from its and certain of its direct and indirect U.S. subsidiaries’ voluntary petitions for reorganization under Chapter 11 on Nov. 29, 2011. These items are primarily from estimated claims associated with restructuring the financing arrangements for certain aircraft and rejecting certain special facility revenue bonds, as well as professional fees.

Taking into account the impact of fuel hedging, AMR paid approximately $3.24 per gallon for jet fuel in the second quarter of 2012 versus approximately $3.12 per gallon in the second quarter of 2011, a 3.8 percent increase. As a result, the company paid $81 million more for fuel in the second quarter of 2012 than it would have paid at prevailing prices from the prior-year period.

AMR ended the second quarter with approximately $5.8 billion in cash and short-term investments, including a restricted cash balance of $772 million, compared to a balance of approximately $5.6 billion in cash and short-term investments, including a restricted balance of approximately $457 million, at the end of the second quarter of 2011.

At November 30, 2011, the company had approximately $4.8 billion in cash and short-term investments, including a restricted cash balance of $693 million.

Later this year, the company will start placing into service the newest addition to its fleet, the Boeing 777-300 ER, which will showcase a number of special features, including fully lie-flat First and Business Class seating, with direct aisle access from every seat; specially designed Main Cabin Extra seating with more legroom and comfort; international Wi-Fi and in-seat entertainment throughout all cabins.

In addition, the company recently unveiled plans for upgrading its international widebody fleet of Boeing 777-200 ERs and Boeing 767-300 ERs, which will also offer industry-leading interiors and amenities as well as fully lie-flat Business Class seats with aisle access for every seat.

Copyright Photo: Andi Hiltl. Boeing 767-323 ER N395AN dressed in the Oneworld motif prepares to touch down at Zurich. Meanwhile Willie Walsh, chief executive of the International Airlines Group (IAG), told a meeting of aviation industry representatives he supports any merger that will strengthen its oneworld alliance partner American Airlines according to this report by Reuters.

Read the full story: CLICK HERE

American Airlines: 

 

American Airlines and American Eagle to cut flights at San Juan

American Airlines and American Eagle Airlines (Dallas/Worth) are cutting service to seven cities from the San Juan hub effective on April 6, 2011. The total number of flights will drop from 58 to 41 daily flights.

Copyright Photo: Arnd Wolf. Boeing 767-323 ER N395AN (msn 29432) approaches runway 9 at Miami for landing.

American Airlines applies for DFW-Rio de Janeiro authority

American Airlines (Dallas/Fort Worth) has applied to the U.S. Department of Transportation (DOT) for authority to fly nonstop from Dallas/Fort Worth International Airport (DFW) to Rio de Janeiro (GIG) three times a week beginning on November 18, 2010.

American will fly the route using Boeing 767-300 aircraft configured with 28 Business Class and 191 Economy Class seats.

Here is the proposed schedule:

From DFW to GIG (Tuesdays, Thursdays and Saturdays)
Depart: 7:45 p.m.
Arrive: 10:25 a.m. (next day)

From GIG TO DFW (Wednesdays, Fridays and Sundays)
Depart: 11:15 p.m.
Arrive: 6:25 a.m. (next day)

Copyright Photo: Arnd Wolf. American’s Boeing 767-323 ER N395AN (msn 29432) in the Oneworld Alliance motif arrives back at the MIA hub.

American Airlines introduces the first Boeing 767-300 in the Oneworld color scheme

 

N395AN, originally uploaded by Peter Spence.

American Airlines (Dallas/Fort Worth) has painted and introduced the first Boeing 767-300 painted in the Oneworld Alliance color scheme.

Copyright Photo: Peter Spence. Boeing 767-323 ER N395AN (msn 29432) taxies with the new look at Los Angeles.