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AMR ANNOUNCES FIRST-QUARTER RESULTS

 AMR ANNOUNCES FIRST-QUARTER RESULTS
 DALLAS/FORT WORTH AIRPORT, Texas, April 15 /PRNewswire/ -- AMR


Corporation (NYSE: AMR), parent company of American Airlines, Inc., today reported first-quarter net earnings of $20 million for the period ended March 31, 1992.
 The first quarter 1992 results compare with a net loss of $195 million for the same period in 1991.
 For the three months, AMR's earnings per share (both primary and fully diluted) were $0.28, compared with a loss per share of $2.96 (both primary and fully diluted) for the same period in 1991.
 "While we are very pleased to be reporting a profitable first quarter, our results continue to be less than satisfactory," said AMR Chairman Robert L. Crandall. "We are very hopeful that our Value Pricing Plan, announced last Thursday, will help us move toward the kind of financial performance we seek."
 American's Value Pricing Plan introduced new, unrestricted coach fares -- AAnytime Fares -- that are at least 38 percent lower than previous full coach fares. First class fares are now 20 percent to 50 percent below previous levels, and consumers can choose a seven-day or 21-day advance purchase PlanAAhead fare for more dramatic savings. The Value Pricing Plan is designed to bring simplicity and fairness to American's fares and to offer customers the flexibility they need to derive maximum benefits from American's products.
 Crandall noted that bookings on American have increased 46 percent since the Value Pricing Plan was announced.
 "This very favorable early response tells us that our customers appreciate the fairness, simplicity and flexibility offered by American's new fare structure," Crandall said.
 Crandall attributed 1992's first-quarter results to stronger yields (the average amount one passenger pays to fly on mile), decreases in unit costs resulting from stringent cost controls and declining fuel prices. American's yield was up 4.3 percent and load factor increased 1.8 points, resulting in a 7.6 percent improvement in passenger revenue per available seat mile.
 Revenues for the first quarter were $3.51 billion, a 26.6 percent increase from the $2.77 billion reported in the first quarter a year ago.
 Operating expenses in the first quarter increased 11.9 percent to $3.37 billion, compared with $3.01 billion for the same period in 1991.
 American's available seat miles (a measure of capacity) increased 19.9 percent, from 29.93 billion in first quarter 1991 to 35.90 billion for the same period this year.
 American flew 20.91 billion revenue passenger miles in the first quarter, up 23.6 percent from the 16.92 billion flown in first quarter 1991.
 First quarter load factor (the percentage of seats filled with paying passengers) was 58.3 percent, or 1.8 points up from 56.5 percent for the same period in 1991.
 The first-quarter breakeven load factor of 55.9 percent was 7.6 points less than the 63.5 percent reported a year ago.
 American's yield rose 4.3 percent, from 13.40 cents in first quarter 1991 to 13.98 cents for the same period this year.
 Cargo business remained strong. Freight ton miles increased 34.9 percent to 252 million in the first quarter. Mail ton miles increased from 64 million in first quarter 1991 to 87 million this year.
 -0- 4/15/92
 /CONTACT: Andrea Rader of AMR, 817-931-0176/
 (AMR) CO: AMR Corporation ST: Texas IN: AIR SU: ERN


CK -- NY070 -- 8703 04/15/92 12:33 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
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