Company Watch - American Airlines.For more company data and analysis, please go to: http://www.airguideonline.com/professional.htm May 22, 2006 American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the also has more than $300 million of "nonpricing initiatives" on the revenue side of the equation. It is putting credit card readers on all its aircraft, which it expects will boost sales of its buy-on-board inflight snack offerings. It now charges $2 for curbside curb·side n. 1. The side of a pavement or street that is bordered by a curb. 2. A sidewalk. adj. Located, operating, or occurring at or along the sidewalk or curb: check-in and customers pay an extra $10 to book a ticket through a reservations agent rather than using AA.com. May 18, 2006 American Airlines is "looking under every rock" for additional cost savings and has launched initiatives "that we believe will save us $700 million year-over-year," AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Corp. Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Gerard Arpey Gerard J. Arpey is the Chairman, President, and Chief Executive Officer (CEO) of AMR Corporation, parent company to American Airlines, the world's largest airline. External links
American Airlines is "moving aggressively" in tackling distribution costs distribution costs distribute npl → Vertriebskosten pl and has negotiated a new agreement with Worldspan. It is in talks with other GDSs and expects to gain savings, Arpey said. Turning to maintenance, AA has trimmed its MD-80 heavy checks from 20 days to approximately 15 days, while its MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. division increased third-party revenues by $22 million in the first quarter compared to the year-ago period. May 18, 2006 American CEO focuses on lowering costs. Cutting costs is the key to surviving in the airline industry, American Airlines Chief Executive Gerard Arpey said. Arpey said the company continues to make improvements that will restore profitability. May 18, 2006 American Airlines parent AMR Corp.announced yesterday the pricing of a public offering of approximately $400 million of newly issued shares of common stock. Based on a late-day trading Late-Day Trading An unethical (if not illegal) practice of a hedge fund purchasing and then selling securities (usually shares of a mutual fund) after the close of a trading day, but making the transactions appear as though they occurred before the market close. price of $25.60 per share, that would equate to about 15.63 million shares. AMR granted the underwriter, Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co., a 30-day option to purchase up to $60 million worth of additional shares to cover any overallotments. AMR said issuance and delivery of the shares is scheduled to occur Friday. May 17, 2006 American Airlines set a goal of reducing fuel usage this year by an additional 30 million gal. on top of an estimated 84 million gal. it already expects to save as a result of a series of measures put in place under the Fuel Smart program launched last year. That 84 million gal. of unburned fuel translates into $161 million at current prices. The information is contained in a letter to employees from AMR Corp. Chairman and CEO Gerard Arpey. American expects to consume more than 2.6 billion gal. of fuel this year. May 17, 2006 American Airlines flew 11.94 billion system RPMs in April, a 5.5% rise over the year-ago month. Capacity remained flat at 14.61 billion ASMs and load factor climbed 4.3 points to 81.7%. Domestic traffic grew 3.3% to 7.83 billion RPMs against a 2.3% decline in capacity to 9.33 billion ASMs, lifting load factor 4.6 points to 83.9%. Internationally, traffic was up 10.1% to 4.1 billion RPMs, capacity increased 4.4% to 5.27 billion ASMs and load factor improved 4 points to 77.7%. American Eagle Airlines American Eagle Airlines is a regional airline based in Fort Worth, Texas[1]. It is a airline partner of American Airlines[2] (both wholly owned by the AMR Corporation holding company), operating over 1,800 flights a day, serving 159 cities across the USA, reported a 17.1% rise in RPMs to 758.1 million against a 9.9% increase in capacity to 1.02 billion ASMs, lifting load factor 4.6 points to 74.4%. May 15, 2006 American expands maintenance program. American Airlines expects its maintenance program to generate $400 million in revenue and cost savings by 2008. The carrier is expanding its maintenance program, which involves doing work for other airlines. May 15, 2006 Special airfares for Farnborough International Airshow visitors. Farnborough International Airshow 2006 visitors can take advantage of special rates with the show's official airline, American Airlines. As the show is 17th- 23rd July, American Airlines are offering a number of special discounted fares between North & South American and London during the period from the 10th- 30th of July 2006. May 15, 2006 |
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