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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: August 1, 2003
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)
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Item 5. Other Events
AMR Corporation is furnishing herewith current unit revenue
expectations for July, capacity estimates for the remainder
of 2003 and 2004 and highlights of the recently announced
agreement with Sabre covering American Airlines' participation in
Sabre's Direct Connect Availability program.
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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/ Charles D. MarLett
Charles D. MarLett
Corporate Secretary
Dated: August 1, 2003
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AMR EAGLE EYE
August 1, 2003
Statements in this report contain various forward-looking
statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, which represent the Company's
expectations or beliefs concerning future events. When used in
this report, and in documents incorporated herein by reference,
the words "expects", "plans," "anticipates," "believes," and
similar expressions are intended to identify forward-looking
statements. Forward-looking statements include, without
limitation, the Company's expectations concerning operations and
financial conditions, including changes in capacity, revenues,
and costs, expectations as to future financing needs, overall
economic conditions and plans and objectives for future
operations, the impact on the Company of the events of September
11, 2001 and of its results of operations for the past two years
and the sufficiency of its financial resources to absorb that
impact. Other forward-looking statements include statements which
do not relate solely to historical facts, such as, without
limitation, statements which discuss the possible future effects
of current known trends or uncertainties, or which indicate that
the future effects of known trends or uncertainties cannot be
predicted, guaranteed or assured. All forward-looking statements
in this report are based on information available to the Company
on the date of this report. The Company undertakes no obligation
to publicly update or revise any forward-looking statement,
whether as a result of new information, future events or
otherwise. This discussion includes forecasts of unit revenue
performance, capacity estimates and distribution costs, each of
which is a forward-looking statement. Forward-looking statements
are subject to a number of factors that could cause actual
results to differ materially from our expectations. The
following factors, in addition to other possible factors not
listed, could cause the Company's actual results to differ
materially from those expressed in forward-looking statements:
the uncertain financial and business environment the Company
faces, the struggling economy, high fuel prices and the
availability of fuel, the residual effects of the war in Iraq,
conflicts in the Middle East, the residual effects of the SARS
outbreak, historically low fare levels, the competitive
environment, uncertainties with respect to the Company's
international operations, changes in its business strategy,
actions by U.S. or foreign government agencies, the possible
occurrence of additional terrorist attacks, the inability of the
Company to satisfy existing liquidity requirements or other
covenants in certain of its credit agreements and the
availability of future financing. Additional information
concerning these and other factors is contained in the Company's
Securities and Exchange Commission Filings, including but not
limited to the Company's Form 10-K for the year ended December
31, 2002, and its Reports on 10-Q for the quarters ending March
31, 2003 and June 30, 2003.
Update
In addition to our regular Traffic Release, published today, we
continue the recent trend of updating you periodically on the
rapidly evolving results of our restructuring. Included in this
Eagle Eye are: July's unit revenue estimate, forward looking
capacity numbers and highlights of the Company's announcement
yesterday to join Sabre Direct Connect Access Three Year Option
program.
For more information on July's performance, please refer to
American's July Traffic Release available at www.amrcorp.com.
For July, American achieved a record high July load factor of
81.0%. All entities reported positive year over year
improvements, with the exception of Europe, which experienced a
capacity increase due to the reconfiguration of the 767-300
fleet.
Please call if you have questions.
Kathy Bonanno
Director Investor Relations
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AMR EAGLE EYE
Unit Revenue Estimate
For July, American's Mainline Passenger Revenue per ASM is expected
to have improved 9%-11% year over year.
(calculated using AA mainline jet operations ASMs, excluding
regional carriers)
Capacity Forecast
Aug Sep 3Q03 4Q03 2004
AA Mainline Ops:
Capacity yr/yr H/(L) (5.8%) (5.3%) (6.0%) (1.8%) 4.5%
Regional Affiliate:
Capacity yr/yr H/(L) 21.0% 19.6% 20.3% 15.0% 17.5%
Sabre Direct Connect Availability (DCA) Highlights
American Airlines has agreed to participate in Sabre's Direct
Connect Availability program, which is expected to provide
American with a 12.5% reduction in booking fees versus 2003
levels for the next three years.
Over 50% of American's GDS bookings are currently made through
a Sabre GDS.
Through the DCA Three-Year Option, airlines agree to provide all
published fares to all Sabre subscribers, including Sabre Connected
online and offline travel agencies. This includes published fares
sold through third-party Web sites and through their own Web site and
reservations offices.
The EveryFare program will continue, and remains an attractive option
for those travel agencies with a majority of their bookings on
non-Sabre GDSs.