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Company Watch - American Airlines.

Jan 8, 2007

American Airlines flew 11.36 billion system RPMs in December, down 1.1% from the year-ago month. Capacity fell 1.3% to 14.35 billion ASMs and load factor rose 0.2 point to 79.1%. Domestic RPMs were down 1.9% to 7.4 billion against a 2.2% decline in capacity to 9.22 billion ASMs. Load factor climbed 0.2 point to 80.2%. International traffic rose 0.4% to 3.95 billion RPMs, capacity was up 0.3% to 5.13 billion ASMs and load factor inched up 0.1 point to 77%. Jan 5, 2007

FL Group acquires 6% of American, transfers Sterling to new consortium. Serial airline investor FL Group was busy over the holidays, announcing that it had purchased a 5.98% stake in American Airlines parent AMR Corp. for more than $400 million and selling LCC Sterling Airlines for [euro]210 million ($277 million) in cash and a three-year shareholder loan to Icelandic consortium Northern Travel, of which FL Group is a member. Jan 3, 2007

FL Group now is American Airlines parent AMR's third-largest shareholder with 12.8 million shares. It said it has been building the stake "for a considerable period of time" and made the announcement once it exceeded the 5% reporting threshold. Jan 3, 2007

US carriers, battered by low-cost competition at home, have sought out growth on lucrative international routes, and China's economic expansion presents a strong opportunity for airlines with service there. The United States keeps tight reins on rights to fly to China, so competition for the routes among airlines is stiff. Interested parties have 14 days to object to the government decision. The Transportation Department then has seven days to answer the objections. After that, the department will review the comments and issue a final decision. American, Continental and Northwest each expressed disappointment that their applications weren't accepted. But none indicated plans to formally object to the decision. Jan 9, 2007

Delta Air Lines and American Airlines said on Tuesday they raised fares in Canadian markets to match an increase by Air Canada. Delta increased fares by USD$3, USD$6 and USD$9 one-way depending on the length of the flight, spokeswoman Betsy Talton said. American increased fares USD$6 each way, a spokesman said. The move follows an increase in fares by Air Canada on Monday night for travel to the United States from Canada, according to Neil Bainton, an analyst at airline travel planning service FareCompare. Jan 9, 2007

The US Transportation Department awarded United daily service between Washington's Dulles Airport and Beijing's China Peking Capital Airport. Flights will begin March 25 if the agency's decision becomes final. In winning the route, United beat competing applications from American Airlines, Continental Airlines and Northwest Airlines, which all want to bolster their existing China service. The Transportation Department said United's proposed capital-to-capital route benefits the greatest number of travelers. Jan 9, 2007 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com

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Jan 1, 2007
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Publication:Airguide Online
Date:Jan 8, 2007
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