American Airlines Group, Inc.

AMR Corporation Reports First Quarter 2010 Net Loss of $505 Million on Rising Fuel Prices and Continuing Economic Challenges

April 21, 2010
--Company Maintains Focus on Building Strategy to Support Its Flight Plan 2020 --Received Tentative DOT Approval for Immunized Joint Business with British Airways and Iberia --American Filed for Antitrust Immunity with Japan Airlines --Announced New Flights and Routes in New York City and Partnerships with JetBlue and NYC & Company

FORT WORTH, Texas, April 21, 2010 /PRNewswire via COMTEX/ --Today, AMR Corporation (NYSE: AMR), the parent company of American Airlines, Inc., reported a net loss of $505 million for the first quarter of 2010, or $1.52 per share. The results include the impact of a $53 million, or $.16 per share, special item related to the devaluation of the Venezuelan currency in January. Excluding that special item, AMR lost $452 million, or $1.36 per share, in the first quarter.

This compares to a net loss of $375 million, or $1.35 per share, in the first quarter of 2009. The first quarter 2009 results included a $13 million charge, or $0.05 per share, related to A300 aircraft retirements during that quarter. Excluding that special item, AMR lost $362 million, or $1.30 per share, in the first quarter of 2009.

"While we made significant progress in improving revenue performance in the first quarter and enhancing our competitive position, we were simply unable to overcome the challenges of the global economic environment coupled with once-again escalating fuel prices," said AMR Chairman and CEO Gerard Arpey. "As we move forward, we remain focused on continuing to bolster our domestic and international networks, managing our costs, and finding ways to generate additional revenue. I want to thank employees for their commitment as we continue to face challenges, and I am confident that our overall strategy, anchored by our Flight Plan 2020, will position us for long-term success."

American reached important milestones in the first quarter as it seeks to bolster future revenue and expand American's global network through strategic partnerships and other initiatives. American and Japan Air Lines (JAL), which reaffirmed its partnership in the global oneworld(R) Alliance, filed for anti-trust immunity with the U.S. Department of Transportation (DOT) for a trans-Pacific joint business between North America and Asia.

In addition, the DOT granted tentative approval for American to begin an immunized trans-Atlantic joint business with British Airways and Iberia Airlines, and the airlines continue to work with European Commission regulators to achieve approval of their plans. American expects that the joint business will be launched in the second half of this year.

As part of its domestic network strategy that focuses resources in its cornerstone markets of Dallas/Fort Worth, Chicago, Miami, Los Angeles and New York, American bolstered its commitment to New York with several important initiatives.

American announced new flights and routes at New York's LaGuardia Airport and John F. Kennedy International Airport (JFK), as well as an inter-airline passenger agreement with JetBlue Airways for service to and from New York City and Boston. By year end, at LaGuardia and JFK combined, American and American Eagle will add 31 total flights to and from 13 additional airports, bringing total NYC departures to 216 and unique destinations to 63. American customers will have new access to 18 domestic routes on JetBlue that don't overlap American's existing network, and JetBlue customers will have new access to 12 non-overlapping international routes of American's. When combined with new options for travel on JetBlue, American's New York customers will have access to 81 destinations on 271 nonstop flights by the end of 2010.

American believes these New York service enhancements, together with related facilities and aircraft upgrades and an expanded marketing partnership with the city's tourism arm, NYC & Company, will build additional passenger demand for its international network to Europe, Asia and South America, including its planned trans-Atlantic and trans-Pacific joint businesses.

"Strengthening and defending our global network is an integral part of our strategy, and we made significant progress in the first quarter to expand our global reach, which our loyal customers will appreciate," said Arpey. "We look forward to starting our joint business with British Airways and Iberia later this year, as well as to proving our case that we should be granted anti-trust immunity with JAL. And, we believe our link to JetBlue and increased commitment to New York position us exceedingly well to compete effectively in the hugely important New York City market."

Financial and Operational Performance (Excluding Impact of Special Items)

AMR reported first quarter consolidated revenues of approximately $5.1 billion, an increase of 4.7%, year over year. American, its regional affiliates, and AA Cargo, as well as the 'other revenue' category, experienced year-over-year increases, as total operating revenue was approximately $229 million better in first quarter 2010 compared to the first quarter of the previous year.

Consolidated passenger revenue per available seat mile (unit revenue) grew 7.3 percent compared to the first quarter of 2009, while mainline unit revenue at American grew 6.8 percent. Tight capacity control that drove higher load factors and revenue management efforts led to the increase. Inclement weather and natural disasters in Haiti and Chile reduced revenue by an estimated $20-25 million in the first quarter.

Passenger yield, which represents the average fares paid, increased at American by 3.7 percent year over year in the first quarter.

Mainline unit costs in the first quarter increased 5.7 percent year over year, excluding fuel costs. Non-fuel unit cost performance was driven primarily by headwinds associated with capacity reductions, costs associated with maintenance events that were completed earlier than planned, and revenue-related expenses.

Including the impact of fuel hedging, AMR paid $211 million more for jet fuel in the first quarter, at an average of $2.23 per gallon, than it would have paid at prices prevailing during the first quarter of 2009, when it paid $1.91 per gallon.

Mainline capacity, or total available seat miles, in the first quarter decreased by 2.5 percent compared to the prior year's first quarter, as the Company seeks to maintain capacity discipline.

American's mainline load factor - or percentage of total seats filled - was 77.9 percent during the first quarter of 2010, 2.2 points higher than the year-ago period.

Balance Sheet Update

AMR ended the first quarter with approximately $5.0 billion in cash and short-term investments, including a restricted balance of $460 million, compared to a balance of $3.3 billion in cash and short-term investments, including a restricted balance of $462 million, at the end of the first quarter of 2009.

AMR's Total Debt, which it defines as the aggregate of its long-term debt, capital lease obligations, the principal amount of airport facility tax-exempt bonds, and the present value of aircraft operating lease obligations, was $15.9 billion at the end of the first quarter of 2010, compared to $14.4 billion a year earlier.

AMR's Net Debt, which it defines as Total Debt less unrestricted cash and short-term investments, was $11.4 billion at the end of the first quarter, compared to $11.5 billion in the first quarter of 2009.

Other First Quarter Highlights

  • The day following the earthquake in Haiti in January, the company began sending humanitarian supplies to Haiti. To date, American Airlines and American Eagle have transported more than 400,000 pounds of aid into Haiti through 30 relief missions. In addition, American Airlines and American Eagle employees raised funds and provided assistance for Haiti through programs such as American Giving, the UNICEF "Champions for Children," the American Airlines Credit Union and the "Hope for Haiti" Telethon. The airlines worked with numerous not-for-profit organizations, including the American Red Cross, The Sandals Foundation, Airline Ambassadors International, and Project C.U.R.E.
  • American Airlines Cargo Division was named "International Airline of the Year" by the Express Delivery and Logistics Association. AA Cargo opened its newly-relocated cargo terminal at JFK Airport; a state-of-the-art facility with more than 135,000 square feet of warehouse space and 24 dock doors, and its new cargo terminal at Los Angeles International Airport (LAX), which has a 3,000-square-foot cooler for perishables, expanded areas for courier cargo and mail processing, and a designated area for live animals.
  • India's Kingfisher Airlines agreed to join the oneworld Alliance. Kingfisher is on track to join the alliance in 2011. Russia's S7 Airlines is set to join the alliance later in 2010 after agreeing to join in mid-2009.
  • American expanded its mobile boarding pass program to 19 additional airports. Customers departing from select airports can choose to receive their boarding passes electronically on their mobile phones or PDAs, saving time and bypassing the need to print and present a paper boarding pass at the airport. The program is now available at 27 airports.
  • American Airlines filed in February an application with the U.S. Department of Transportation (DOT) to acquire two daily slot pairs to operate year-round scheduled service to Tokyo International Airport at Haneda (HND), starting Oct. 1, 2010. American proposed to fly to Haneda from JFK and LAX, the two largest markets between the U.S. mainland and Tokyo.

Guidance

Mainline and Consolidated Capacity

AMR expects its full-year mainline capacity to increase by 1.0 percent in 2010 compared to 2009, with domestic capacity down 0.2 percent and an increase of international capacity of 3.0 percent compared to 2009 levels. On a consolidated basis, AMR expects full-year capacity to increase by 1.5 percent in 2010 compared to 2009.

The Company's 2010 capacity levels include the reinstatement of flying that was canceled in 2009 due to the H1N1 virus and the launch of Chicago-Beijing service, which was deferred from 2009.

AMR expects mainline capacity in the second quarter of 2010 to increase by 0.7 percent compared to the second quarter of 2009, with domestic capacity expected to be down 0.3 percent and international capacity expected to be up 2.4 percent compared to second quarter 2009 levels. AMR expects consolidated capacity in the second quarter of 2010 to increase by 1.0 percent compared to the second quarter of 2009.

Fuel Expense and Hedging

While the cost of jet fuel has been increasing recently and remains very volatile, based on the April 9 forward curve, AMR is planning for an average system price of $2.43 per gallon in the second quarter of 2010 and $2.40 per gallon for all of 2010. Consolidated consumption for the second quarter is expected to be 704 million gallons of jet fuel.

AMR has 39percent of its anticipated second quarter 2010 fuel consumption hedged at an average cap of $2.47 per gallon of jet fuel equivalent ($95 per barrel crude equivalent), with 38 percent subject to an average floor of $1.89 per gallon of jet fuel equivalent ($70 per barrel crude equivalent). AMR has 33 percent of its anticipated full-year consumption hedged at an average cap of $2.43 per gallon of jet fuel equivalent ($93 per barrel crude equivalent), with 32 percent subject to an average floor of $1.82 per gallon of jet fuel equivalent ($67 per barrel crude equivalent).

Mainline and Consolidated Cost per Available Seat Mile (CASM), Excluding Special Items




                              2Q2010 (est.)   Full year 2010
                                   vs.            (est.)
                                 2Q2009          vs. 2009
                                  H/(L)           H/(L)
    Mainline                            9.7%             5.8%
      Excluding Fuel                    3.6              1.5
    Consolidated                        9.5              5.9
      Excluding Fuel                    3.3              1.5



The expected 1.5 percent increase in consolidated cost per seat mile, excluding fuel and special items, for 2010 is primarily due to anticipated higher revenue-related expenses (such as booking fees and commissions), airport-related expenses (such as landing fees and facilities costs), and financing costs related to new aircraft deliveries.

Editor's Note: AMR's Chairman and Chief Executive Officer, Gerard Arpey, and its Executive Vice President and Chief Financial Officer, Thomas Horton, will make a presentation to analysts during a teleconference on Wednesday, April 21, 2010, at 2 p.m. EDT. Following the analyst call, they will hold a question-and-answer conference call for media. Reporters interested in listening to the presentation or participating in the media Q&A should call 817-967-1577.

Statements in this release 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 release, the words "expects," "plans," "anticipates," "indicates," "believes," "forecast," "guidance," "outlook," "may," "will," "should," "seeks," "targets" and similar expressions are intended to identify forward-looking statements. Similarly, statements that describe our objectives, plans or goals, or actions we may take in the future, are 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; future financing plans and needs; the amounts of the Company's unencumbered assets and other sources of liquidity; fleet plans; overall economic and industry conditions; plans and objectives for future operations; regulatory approvals and actions, including the Company's application for antitrust immunity with other oneworld alliance members; and the impact on the Company of its results of operations in recent 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 release are based upon information available to the Company on the date of this release. 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 release includes forecasts of unit cost and revenue performance, fuel prices and fuel hedging, capacity and traffic estimates, other income/expense estimates, share count, statements regarding the Company's liquidity, and statements regarding expectations of regulatory approval of our application for antitrust immunity with other oneworld members, each of which is a forward-looking statement. Forward-looking statements are subject to a number of factors that could cause the Company's actual results to differ materially from the Company's 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 materially weakened financial condition of the Company, resulting from its significant losses in recent years; very weak demand for air travel and lower investment asset returns resulting from the severe global economic downturn; the Company's need to raise substantial additional funds and its ability to do so on acceptable terms; the ability of the Company to generate additional revenues and reduce its costs; continued high and volatile fuel prices and further increases in the price of fuel, and the availability of fuel; the Company's substantial indebtedness and other obligations; the ability of the Company to satisfy certain covenants and conditions in certain of its financing and other agreements; changes in economic and other conditions beyond the Company's control, and the volatile results of the Company's operations; the fiercely and increasingly competitive business environment faced by the Company; potential industry consolidation and alliance changes; competition with reorganized carriers; low fare levels by historical standards and the Company's reduced pricing power; changes in the Company's corporate or business strategy; extensive government regulation of the Company's business; conflicts overseas or terrorist attacks; uncertainties with respect to the Company's international operations; outbreaks of a disease (such as SARS, avian flu or the H1N1 virus) that affects travel behavior; labor costs that are higher than those of the Company's competitors; uncertainties with respect to the Company's relationships with unionized and other employee work groups; increased insurance costs and potential reductions of available insurance coverage; the Company's ability to retain key management personnel; potential failures or disruptions of the Company's computer, communications or other technology systems; losses and adverse publicity resulting from any accident involving the Company's aircraft; interruptions or disruptions in service at one or more of the Company's primary market airports; the heavy taxation of the airline industry; changes in the price of the Company's common stock; and the ability of the Company to reach acceptable agreements with third parties. 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 Annual Report on Form 10-K for the year ended December 31, 2009.



                               AMR CORPORATION
                   CONSOLIDATED STATEMENTS OF OPERATIONS
                  (in millions, except per share amounts)
                                 (Unaudited)

                                               Three Months Ended
                                               ------------------
                                                    March 31,         Percent
                                                2010         2009     Change
                                               ------       ------   ---------
    Revenues
        Passenger - American Airlines         $3,831      $3,680         4.1
                  - Regional Affiliates          498         457         9.0
        Cargo                                    154         144         6.6
        Other revenues                           585         558         4.8
                                                 ---         ---         ---
          Total operating revenues             5,068       4,839         4.7
                                               -----       -----         ---

    Expenses
      Wages, salaries and benefits             1,703       1,688         0.9
      Aircraft fuel                            1,476       1,298        13.7
      Other rentals and landing fees             352         324         8.9
      Maintenance, materials and repairs         351         305        15.1
      Depreciation and amortization              267         272        (1.8)
      Commissions, booking fees and
       credit card expense                       234         217         8.1
      Aircraft rentals                           129         124         3.9
      Food service                               115         114         0.4
      Special charges                              -          13      (100.0)
      Other operating expenses                   739         678         9.0
                                                 ---         ---         ---
        Total operating expenses               5,366       5,033         6.6
                                               -----       -----         ---

    Operating Income                            (298)       (194)       53.7

    Other Income (Expense)
      Interest income                              5          11       (58.4)
      Interest expense                          (209)       (186)       11.9
      Interest capitalized                        10          10        (2.4)
      Miscellaneous - net                        (13)        (16)      (18.8)
                                                 ---         ---         ---
                                                (207)       (181)       14.4
                                                 ---         ---         ---

    Income/(Loss) Before Income Taxes           (505)       (375)       34.6
    Income tax                                     -           -           -
                                                 ---         ---         ---
    Net Income                                 $(505)      $(375)       34.6
                                               =====       =====        ====


    Earnings/(Loss) Per Share
    Basic                                     $(1.52)     $(1.35)
                                              ======      ======
    Diluted                                   $(1.52)     $(1.35)
                                              ======      ======

    Number of Shares Used in Computation
      Basic                                      333         279
      Diluted                                    333         279

    *  Greater than 100%



                                    AMR CORPORATION
                                 OPERATING STATISTICS
                                      (Unaudited)

                                               Three Months Ended
                                               ------------------
                                                  March 31,           Percent
                                             2010            2009     Change
                                            ------          ------   ---------

    American Airlines, Inc.
      Mainline Jet Operations
         Revenue passenger miles (millions) 28,700           28,593      0.4
         Available seat miles (millions)    36,846           37,783     (2.5)
         Cargo ton miles (millions)            447              371     20.6
         Passenger load factor                77.9%            75.7%   2.2 pts
         Passenger revenue yield per         13.35            12.87      3.7
           passenger mile (cents)
         Passenger revenue per
          available seat mile (cents)        10.40             9.74      6.8
         Cargo revenue yield per ton
          mile (cents)                       34.37            38.90    (11.7)
         Operating expenses per
          available seat mile,
          excluding Regional
          Affiliates (cents) (1)             12.91            11.82      9.2
         Fuel consumption (gallons, in
          millions)                            598              617     (3.0)
         Fuel price per gallon (dollars)      2.22             1.91     16.3

     Regional Affiliates
         Revenue passenger miles (millions)  1,863            1,861      0.2
         Available seat miles (millions)     2,773            2,818     (1.6)
         Passenger load factor                67.2%            66.0%   1.2 pts

     AMR Corporation
      Average Equivalent Number of
       Employees
         American Airlines                  65,400           67,000
         Other                              12,400           12,500
                                            ------           ------
              Total                         77,800           79,500

    (1) Excludes $629 million and $596 million of expense incurred
        related to Regional Affiliates in 2010 and  2009, respectively.



                                AMR CORPORATION
                             OPERATING STATISTICS
                                  (Unaudited)

    OPERATING STATISTICS BY REGIONAL ENTITY

    American Airlines, Inc.           Three Months Ended March 31, 2010
                                  ---------------------------------------Entity Results                 RASM(1)     Y-O-Y     ASMs(2)    Y-O-Y
                                  (cents)     Change  (billions)   Change
                                  -------     ------   ---------   ------
    DOT Domestic                   10.24       5.8%      22.8       (0.9)%
    International                  10.65       8.4       14.0       (4.9)
       DOT Latin America           11.90       6.0        7.3       (5.1)
       DOT Atlantic                 9.29      16.8        5.0       (5.5)
       DOT Pacific                  9.19      (0.9)       1.6       (1.9)





    American Airlines, Inc.              Three Months Ended March 31, 2010
                                       ------------------------------------
    Entity Results                     Load       Y-O-Y
                                       Factor     Change   Yield    Y-O-Y
                                       (pts)      (pts)   (cents)   Change
                                       ------     ------  -------  --------
    DOT Domestic                        78.8       0.4     13.00      5.2%
    International                       76.4       4.9     13.94      1.4
       DOT Latin America                78.7       5.6     15.12     (1.6)
       DOT Atlantic                     71.2       3.6     13.04     10.9
       DOT Pacific                      81.9       5.7     11.23     (7.8)

    (1) Revenue per Available Seat Mile

    (2) Available Seat Miles




                           AMR CORPORATION
                 NON-GAAP AND OTHER RECONCILIATIONS
                             (Unaudited)

    American Airlines, Inc.                           Three Months Ended
    Mainline Jet Operations                                 March 31,
                                                         ---------------
    (in millions, except as noted)                        2010     2009
                                                         ------   ------

    Total operating expenses                             $5,385   $5,061
     Less: Operating expenses incurred related to
      Regional Affiliates                                   629      596
                                                            ---      ---
    Operating expenses excluding expenses incurred
     related to Regional Affiliates                      $4,756   $4,464
     American mainline jet operations available
      seat miles                                         36,846   37,783
     Operating expenses per available seat mile,
      excluding Regional Affiliates (cents)               12.91    11.82
                                                          =====    =====
    Percent change                                          9.2%




    American Airlines, Inc. Mainline
     Jet Operations

                                                 Three Months Ended March 31,
                                                 ----------------------------
    (in millions, except as noted)                  2010               2009
                                                    ----               ----

     Total operating expenses                      $5,385             $5,061
     Less: Operating expenses incurred
      related to Regional Affiliates                  629                596
                                                      ---                ---
     Operating expenses excluding
      expenses incurred related                    $4,756             $4,464
      to Regional Affiliates
     American mainline jet operations
      available seat miles                         36,846             37,783
                                                   ------             ------
     Operating expenses per available
      seat mile, excluding Regional
      Affiliates (cents)                            12.91              11.82
     Less: Impact of special items
      (cents)                                        0.15               0.04
                                                     ----               ----
     Operating expenses per available
      seat mile, excluding impact
              of special items (cents)              12.76              11.78
                                                    =====               ====

     Percent change                                   8.3%

     Less: Fuel cost per available seat
      mile (cents)                                   3.61               3.12
                                                     ----               ----
     Operating expenses per available
      seat mile, excluding impact of
      special items and the cost of
      fuel (cents)                                   9.15               8.66
                                                     ====

    Percent change                                    5.7%

    Note: The Company believes that operating expenses per available seat
          mile, excluding the cost of fuel assists investors in
          understanding the impact of fuel prices on the Company's operations.



                                    AMR CORPORATION
                           NON-GAAP AND OTHER RECONCILIATIONS
                                      (Unaudited)

    AMR Corporation

                                                Three Months Ended March 31,
                                                ----------------------------
    (in millions, except as noted)                2010               2009
                                                  ----               ----

     Total operating expenses                    $5,366             $5,033
     Available seat miles                        39,619             40,600
                                                 ------             ------
                                                  13.55              12.40
     Operating expenses per available
      seat mile (cents)
     Less: Impact of special items
      (cents)                                      0.14               0.04
                                                   ----               ----
     Operating expenses per available
      seat mile, excluding impact of
      special items (cents)                       13.41              12.36
                                                  =====              =====

     Percent change                                 8.5%

     Less: Fuel cost per available seat
      mile (cents)                                 3.72               3.19
                                                   ----               ----
     Operating expenses per available
      seat mile, excluding impact of
      special items and the cost of
      fuel (cents)                                 9.69               9.17
                                                   ====               ====

    Percent change                                  5.7%




    AMR Corporation
    Calculation of Net Debt
                                                      As of March 31
                                                      --------------
    (in millions, except as noted)                2010               2009
                                                  ----               ----

     Current and long-term debt                  10,916              9,685
     Current and long-term capital
      lease obligations                             644                626
     Principal amount of certain
      airport facility tax-exempt
      bonds and the present value of
      aircraft operating lease
      obligations                                 4,378              4,068
                                                  -----              -----
                                                 15,938             14,379
     Less:  Unrestricted cash and
      short-term investments                      4,546              2,864
                                                  -----              -----
     Net Debt                                    11,392             11,515
                                                 ======             ======

    Note:  The Company believes the net debt metric assists
           investors in understanding changes in the Company's liquidity
           and the results of its efforts to build a financial foundation
           under the Company's Turnaround Plan.



                                     AMR CORPORATION
                           NON-GAAP AND OTHER RECONCILIATIONS
                                       (Unaudited)

    American Airlines, Inc. Mainline Jet
     Operations                                           Estimate for
                                                          ------------
                                                       Three Months Ended
                                                             June 30,
                                                    ------------------------
    (in millions, except as noted)                    2010             2009
                                                     ------           ------
     Operating expenses per available seat
      mile, excluding Regional Affiliates
      (cents)                                        12.71             11.76
     Less: Impact of special items (cents)               -              0.18
                                                       ---              ----
     Operating expenses per available seat
      mile, excluding Regional Affiliates
      and impact of special items (cents)             12.71            11.58
                                                      =====            =====
    Percent change                                      9.7%

      Less: Fuel expense per available seat
       mile (cents)                                     3.94            3.12
                                                        ====            ====
     Operating expenses per available seat
      mile, excluding Regional Affiliates,
      impact of special items and fuel
      expense (cents)                                   8.77            8.46
                                                        ====            ====
    Percent change                                       3.6%





    American Airlines, Inc. Mainline Jet
     Operations                                         Estimate for
                                                        ------------
                                                   Year Ended December 31,
                                                   -----------------------
    (in millions, except as noted)                   2010            2009
                                                     ----            ----
     Operating expenses per available seat mile,
      excluding Regional Affiliates (cents)         12.74           12.22
     Less: Impact of special items (cents)           0.03            0.20
                                                     ----            ----
     Operating expenses per available seat mile,
      excluding Regional Affiliates and impact
      of special items (cents)                      12.71           12.02
                                                    =====           =====
    Percent change                                    5.8%

      Less: Fuel expense per available seat mile
       (cents)                                       3.86            3.31
                                                     ====            ====
      Operating expenses per available seat mile,
       excluding Regional Affiliates, impact of
       special items and fuel expense (cents)        8.85            8.71
                                                     ====            ====
    Percent change                                    1.5%





    AMR Corporation                                      Estimate for
                                                         ------------
                                                       Three Months Ended
                                                            June 30,
                                                      --------------------
    (in millions, except as noted)                    2010            2009
                                                      ----            ----
     Operating expenses per available seat mile
      (cents)                                        13.32           12.33
     Less: Impact of special items (cents)               -            0.17
                                                       ---            ----
     Operating expenses per available seat mile,
      excluding impact of special items (cents)      13.32           12.16
                                                     =====           =====
    Percent change                                     9.5%

      Less: Fuel expense per available seat mile
       (cents)                                        4.08            3.22
                                                      ====            ====
     Operating expenses per available seat mile,
      excluding impact of special items and fuel
      expense (cents)                                 9.24            8.94
                                                      ====            ====
    Percent change                                     3.3%



                             AMR CORPORATION
                   NON-GAAP AND OTHER RECONCILIATIONS
                               (Unaudited)

    AMR Corporation                                        Estimate for
                                                           ------------
                                                      Year Ended December 31,
                                                      -----------------------
    (in millions, except as noted)                       2010           2009
                                                         ----           ----

     Operating expenses per available seat
      mile (cents)                                      13.37            12.81
     Less: Impact of special items (cents)               0.03             0.22
                                                         ----             ----
     Operating expenses per available seat
      mile, excluding impact of special
      items (cents)                                     13.34            12.59
                                                        =====            =====
    Percent change                                        5.9%

      Less: Fuel expense per available seat
       mile (cents)                                      4.01             3.40
                                                         ====             ====
      Operating expenses per available seat
       mile, excluding impact of special
       items and fuel expense (cents)                    9.33             9.19
                                                         ====             ====
    Percent change                                        1.5%




    AMR Corporation
                                         Three Months Ended March 31,
                                         ----------------------------
    (in millions, except as noted)         2010               2009
                                           ----               ----

     Net Loss                              (505)              (375)
     Less: Impact of special items          (53)               (13)
                                            ---                ---
     Net Loss, excluding impact of
      special items                        (452)              (362)
                                           ====               ====

     Loss Per Share
     Basic                                (1.36)             (1.30)
     Diluted                              (1.36)             (1.30)



Current AMR Corp. releases can be accessed on the Internet.

The address is http://www.aa.com

Editor's Note: A live Webcast reporting first quarter results will be broadcast on the Internet on April 21 at 2 p.m. EDT (Windows Media Player required for viewing)

SOURCE AMR Corporation