Q1 Results Due Out April 21st

[WingNaPrayer]

AMR Corp. Will Release First Quarter Results Tomorrow; Analyst Call Scheduled for Wednesday, April 21, at 2 p.m. EDT


FORT WORTH, Texas, April 20 /PRNewswire-FirstCall/ -- AMR Corp.(NYSE:AMR) (NYSE: AMR) will release its first quarter financial results on Wednesday, April 21.

Following the release, Gerard J. Arpey, AMR's president and CEO, and James A. Beer, AMR's senior vice president and chief financial officer, will make a presentation to Wall Street analysts and answer their questions during a conference call at 2 p.m. EDT. Although Arpey and Beer will hold a separate call with media following the analyst call, the presentation will not be repeated.

Media may listen to the presentation and the analyst call one of two ways: By Webcast on the Investor Relations section of AMR's Web site at www.amrcorp.com , or by telephone. In either case, media will be in a "listen only" mode.

Following the presentation and analyst call, Arpey and Beer will be available to answer questions during a conference call from 3 to 3:45 p.m. EDT. Media who have already dialed in to listen to Arpey's and Beer's presentation may remain on the line following the analyst call. There is no need to hang up and call back.

Reporters interested in listening to Arpey's and Beer's presentation or participating in the media Q&A conference call should contact AMR Corporate Communications at 817-967-1577 for details.

A replay of the presentation will be available by telephone until April 23 at 5 p.m. EDT at 402-220-5347, and by webcast for at least one week on the Investor Relations section of AMR's Web site at www.amrcorp.com .

 

[LaBradford22]

Small net loss for the first quarter. Probably in the $125M to $150M range. Not great but light-years better than first quarter 2003. Lots of positive future guidance about traffic and plenty of bragging about fuel-adjusted CASM being lower year-over-year. Lots of negative guidance about competition (especially LCC's in transcon markets) and its impact on yields, as well as the negative impact of higher fuel prices on costs. Expectation of a profitable second and third quarter, not too much clarity on the fourth quarter yet, and still too early to say whether or not the company will be profitable for the full-year 2004.

 

[WingNaPrayer]

So in other words, what amounts to about a three dollar drop in the stock price for a few days.

 

[LaBradford22]

So in other words, what amounts to about a three dollar drop in the stock price for a few days.

Probably not. Wall Street's consensus estimate right now is for a loss of $1.04 per share. That equates to a net loss of about $160M to $170M. So, I'm guessing that AMR will come in slightly better than estimates. I doubt that will move the stock price much.

 

[AAmech]

So in other words, what amounts to about a three dollar drop in the stock price for a few days.

From what I've heard AA's #'s will beat the Street's estimates. That will probably move the stock price up!