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Amr Corp (AAL) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2011

American Airlines Group Inc.

CIK: 6201 Ticker: AAL
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

_____________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934


Date of earliest event
  reported: February 15, 2012


AMR CORPORATION
(Exact name of registrant as specified in its charter)


Delaware
1-8400
75-1825172
(State of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)



 
4333 Amon Carter Blvd.
Fort Worth, Texas
76155
 
 
(Address of principal executive offices)
(Zip code)
 



 
(817) 963-1234
 
 
(Registrant's telephone number)
 



   (Former name or former address, if changed since last report.)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02
 
Results of Operations
 
 
AMR Corporation (the Company) is furnishing herewith a press release issued on February 15, 2012 by the Company as Exhibit 99.1, which is included herein.  This press release was issued to report the Company’s fourth quarter and fiscal year 2011 results.

Item 9.01
 
Financial Statements and Exhibits
   
     
 
(c) Exhibits
 
       
 
      Exhibit 99.1
 
 
 
 
 
 
 
 
Press Release of the Company dated February 15, 2012
 
 
 
 






 
 

 


SIGNATURE



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
 
 
AMR CORPORATION
   
   
   
 
/s/ Kenneth W. Wimberly
 
Kenneth W. Wimberly
 
Corporate Secretary



Dated:  February 15, 2012


 
 

 

EXHIBIT INDEX


Exhibit
Description
 
     
99.1
 
 
 
Press Release of the Company dated February 15, 2012
 
 

 
 

 
 
CONTACT:                                                                   Sean Collins
Corporate Communications
Fort Worth, Texas
817-967-1577
mediarelations@aa.com


FOR RELEASE: Wednesday, Feb. 15, 2012


AMR CORPORATION FILES ANNUAL REPORT ON FORM 10K;
SUMMARIZES FOURTH QUARTER AND FISCAL YEAR 2011 RESULTS

FORT WORTH, Texas – AMR Corporation, the parent company of American Airlines, Inc., today filed its annual report on Form 10-K with the U.S. Securities and Exchange Commission.  The report summarizes AMR’s business and financial results for 2011 on a consolidated basis and is available in the Investor Relations section of AA.com.
 
Fourth Quarter 2011 Results
AMR recorded a consolidated net loss of $1.1 billion for the fourth quarter of 2011 compared to a consolidated net loss of $97 million in the fourth quarter of 2010. The fourth quarter 2011 results include:
·  
$886 million in non-cash special charges and reorganization items.
 
·  
Of that amount, $768 million is related to special items, which includes a $725 million non-cash charge resulting from the impairment of certain aircraft and gates and a $43 million unfavorable adjustment to revenue, as a result of changes in assumptions related to the recognition of AAdvantage® revenue.
 
·  
The Company recognized $118 million in reorganization items, primarily due to the rejection of 24 leased aircraft: 20 MD-80s and 4 Fokker 100s; as well as professional fees.
 
Excluding these items, the loss in the fourth quarter of 2011 was $209 million, which compares to a loss, excluding special items, of $69 million in the same period of 2010.
 
Fourth Quarter Financial and Operational Performance
AMR recorded fourth quarter 2011 consolidated revenues of approximately $6.0 billion, an increase of 7.4 percent year-over-year.
·  
American’s mainline passenger revenue per available seat mile (unit revenue) increased by 8.9 percent in fourth quarter 2011 compared to fourth quarter 2010.
 
·  
Mainline capacity, or total available seat miles, in fourth quarter 2011 decreased by 1.9 percent compared to the same period in 2010.
 
·  
American’s mainline load factor – or the percentage of total seats filled – was 82.1 percent during fourth quarter 2011, compared to 81.6 percent in fourth quarter 2010.
 
Taking into account the impact of fuel hedging, AMR paid approximately $3.01 per gallon for jet fuel in the fourth quarter of 2011 versus approximately $2.42 per gallon in fourth quarter 2010, a 24.5 percent increase. As a result, the Company paid $394 million more for fuel in fourth quarter 2011 than it would have paid at prevailing prices from the prior-year period.
 
Fiscal Year 2011 Results
For fiscal 2011, AMR recorded a consolidated net loss of approximately $2.0 billion, which compares to a consolidated net loss of $471 million for fiscal 2010.
Fiscal Year 2011 results include:
·  
$917 million in non-cash special charges and reorganization items.
 
·  
Of that amount, $799 million is related to special items, which includes a $725 million non-cash charge resulting from the impairment of certain aircraft and gates, $31 million of non-recurring non-cash charges related to certain sale/leaseback transactions, and a $43 million unfavorable adjustment to revenue, as a result of changes in assumptions related to the recognition of AAdvantage revenue.
 
·  
The Company also recognized $118 million in reorganization items, primarily due to the rejection of 24 leased aircraft: 20 MD-80s and 4 Fokker 100s; as well as professional fees.
 
Excluding the items described above, the Company’s consolidated net loss was approximately $1.1 billion in 2011, versus a consolidated net loss of $389 million excluding special items in 2010.

For fiscal year 2011, including the impact of fuel hedging, AMR paid an average of $3.01 per gallon for jet fuel compared to an average of $2.32 in 2010, a 30.1 percent increase. As a result, the Company paid nearly $2.0 billion more for jet fuel in full-year 2011 than it would have paid at prevailing prices in the prior full-year period.
 

 
About American Airlines
American Airlines, American Eagle and the AmericanConnection® carrier serve 260 airports in more than 50 countries and territories with, on average, more than 3,300 daily flights. The combined network fleet numbers more than 900 aircraft. American’s award-winning website, AA.com®, provides users with easy access to check and book fares, plus personalized news, information and travel offers. American Airlines is a founding member of the oneworld® alliance, which brings together some of the best and biggest names in the airline business, enabling them to offer their customers more services and benefits than any airline can provide on its own. Together, its members and members-elect serve more than 900 destinations with more than 10,000 daily flights to 149 countries and territories. American Airlines, Inc. and American Eagle Airlines, Inc. are subsidiaries of AMR Corporation. AmericanAirlines, American Eagle, AmericanConnection, AA.com, and AAdvantage are trademarks of American Airlines, Inc. AMR Corporation common stock trades under the symbol “AAMRQ” on the OTCQB marketplace, operated by the OTC Markets Group.

AMR Corporation and certain of its United States-based subsidiaries, including American Airlines, Inc. and AMR Eagle Holding Corporation, filed voluntary petitions on Nov. 29 for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of New York. More information about the Chapter 11 filing is available on the Internet at http://aa.com/restructuring.
 
###
 
Current AMR Corp. news releases can be accessed at http://www.aa.com


 

The following information was filed by American Airlines Group Inc. (AAL) on Wednesday, February 15, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Operations (parenthetical)
Consolidated Statements Of Stockholders' Equity (deficit)
Consolidated Statements Of Stockholders' Equity (deficit) (parenthetical)
Accumulated Other Comprehensive Income (loss)
Accumulated Other Comprehensive Income (loss) (components Of Accumulated Other Comprehensive Income (loss)) (details)
Accumulated Other Comprehensive Income (loss) (tables)
Amr Eagle Divestiture
Amr Eagle Divestiture (details)
Bankruptcy (tables)
Commitments, Contingencies And Guarantees
Commitments, Contingencies And Guarantees (aircraft Acquisition Commitments) (details)
Commitments, Contingencies And Guarantees (narrative) (details)
Commitments, Contingencies And Guarantees (tables)
Earnings (loss) Per Share
Earnings (loss) Per Share (computations Of Basic And Diluted Earnings (loss) Per Share) (details)
Earnings (loss) Per Share (tables)
Financial Instruments And Risk Management
Financial Instruments And Risk Management (effect Of Cash Flow Hedges On Financial Statements) (details)
Financial Instruments And Risk Management (effect Of Derivative Instruments On Statements Of Operations) (details)
Financial Instruments And Risk Management (narrative) (details)
Financial Instruments And Risk Management (summary Of Carrying Value And Estimated Fair Values Of Long-term Debt) (details)
Financial Instruments And Risk Management (tables)
Income Taxes
Income Taxes (components Of Income Tax Provision (benefit)) (details)
Income Taxes (computation Of Income Tax Expense (benefit)) (details)
Income Taxes (deferred Tax Assets And Liabilities) (details)
Income Taxes (narrative) (details)
Income Taxes (reconciliation Of Unrecognized Tax Benefit) (details)
Income Taxes (tables)
Indebtedness
Indebtedness (components Of Long-term Debt) (details)
Indebtedness (narrative) (details)
Indebtedness (schedule Of Collateral Coverage Tests) (details)
Indebtedness (schedule Of Maturities Of Long Term Debt And Operating Lease Payments) (details)
Indebtedness (tables)
Intangible Assets
Intangible Assets (narrative) (details)
Intangible Assets (summary Of Amortization Of Intangible Assets) (details)
Intangible Assets (tables)
Investments And Fair Value Measurements
Investments And Fair Value Measurements (assets And Liabilities Measured At Fair Value On A Recurring Basis) (details)
Investments And Fair Value Measurements (short-term Investments By Contractual Maturity) (details)
Investments And Fair Value Measurements (short-term Investments) (details)
Investments And Fair Value Measurements (tables)
Leases
Leases (future Minimum Lease Payments Under Capital Leases) (details)
Leases (future Minimum Lease Payments Under Operating Leases) (details)
Leases (narrative) (details)
Leases (tables)
Quarterly Financial Data
Quarterly Financial Data (narrative) (details)
Quarterly Financial Data (summarized Financial Data By Quarter) (details)
Quarterly Financial Data (tables)
Reorganization
Reorganization (components Of Long-term Debt) (details)
Reorganization (narrative) (details)
Reorganization (schedule Of Liabilities Subject To Compromise) (details)
Reorganization (schedule Of Reorganization Items) (details)
Retirement Benefits
Retirement Benefits (benefit Payments Of Expected Future Service ) (details)
Retirement Benefits (changes In Fair Value Measurements Of Level 3 Investments) (details)
Retirement Benefits (components Of Net Periodic Benefit Cost) (details)
Retirement Benefits (fair Value Of Investments In Money Market Fund) (details)
Retirement Benefits (fair Values Of Company's Other Postretirement Benefit Plan Assets) (details)
Retirement Benefits (narrative) (details)
Retirement Benefits (reconciliation Of Changes In Pension, Retiree Medical, Other Benefit Obligations And Fair Value Assets) (details)
Retirement Benefits (schedule Of Accumulated Benefit Obligations Exceeding Fair Value Of Plan Assets) (details)
Retirement Benefits (schedule Of Amounts Recognized In Consolidated Balance Sheets) (details)
Retirement Benefits (schedule Of Amounts Recognized In Other Comprehensive Loss) (details)
Retirement Benefits (schedule Of Assumption Used Calculating Benefit Obligation) (details)
Retirement Benefits (schedule Of Fair Values Of Pension Plan Assets By Asset Category) (details)
Retirement Benefits (schedule Of One Percentage Point Change In Assumed Health Care Cost Trend Rates) (details)
Retirement Benefits (summary Of Target Assets Allocation) (details)
Retirement Benefits (tables)
Schedule Ii - Valuation And Qualifying Accounts And Reserves
Schedule Ii - Valuation And Qualifying Accounts And Reserves (details)
Segment Reporting
Segment Reporting (operating Revenues By Geographic Region) (details)
Segment Reporting (tables)
Share Based Compensation
Share Based Compensation (narrative) (details)
Share Based Compensation (schedule Of Stock Options/sars Activity) (details)
Share Based Compensation (schedule Of Stock-based Activities) (details)
Share Based Compensation (status And Changes Of Non-vested Options/sars) (details)
Share Based Compensation (stock Based Compensation Awards, Expected Fair Value Assumptions) (details)
Share Based Compensation (tables)
Special Charges And Restructuring Activities
Special Charges And Restructuring Activities (components Of Company's Special Charges) (details)
Special Charges And Restructuring Activities (narrative) (details)
Special Charges And Restructuring Activities (tables)
Subsequent Events
Subsequent Events (details)
Summary Of Accounting Policies
Summary Of Accounting Policies (narrative) (details)
Summary Of Accounting Policies (policy)
Summary Of Accounting Policies (schedule Of Depreciable Lives Used For Principal Depreciable Asset Classifications) (details)
Ticker: AAL
CIK: 6201
Form Type: 10-K Annual Report
Accession Number: 0001193125-12-063516
Submitted to the SEC: Wed Feb 15 2012 4:50:27 PM EST
Accepted by the SEC: Wed Feb 15 2012
Period: Saturday, December 31, 2011
Industry: Air Transportation Scheduled

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