AMR Merrill Lynch Pres.

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Information about AMR Merrill Lynch Pres.
Finance

Published on February 25, 2009

Author: finance11

Source: slideshare.net

Gerard Arpey Chairman & CEO 1

Safe Harbor • Please note that many of our statements, including any comments on matters related to our outlook for revenue and earnings, cost estimates, and forecasts of capacity, traffic, load factor, fuel costs and other matters will constitute forward-looking statements. These matters are subject to a number of factors that could cause actual results to differ from our expectations. These factors include domestic and international economic conditions, commodity prices, general competitive factors including, but not limited to, government regulations, uncertainty in domestic or international operations, acts of war or terrorism, our ability to access the capital markets and changes in the Company's business strategy, any of which could affect our actual results. 2

Safe Harbor (cont.) • Additional information concerning these and other factors is contained in our Securities and Exchange Commission filings, including but not limited to our Form 10-K for the year ended Dec. 31, 2007. • Additionally, please refer to the slide presentation accompanying today’s webcast at www.aa.com for reconciliation of any non-GAAP financial measurement we may discuss to what we think is the most appropriate GAAP measurement. 3

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Oil Price 6/17/08 - $134.01 $140.00 $120.00 1/ 1/ $ Barrel $ // Barrel $100.00 $80.00 1/3/07 - $58.32 $60.00 $40.00 1/2007 3/2007 5/2007 7/2007 9/2007 11/2007 1/2008 3/2008 5/2008 1/ WTI Spot Prices 5

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Fuel Increases Offset Cost Reductions Cost Reductions 2002 - 2008E $6.0B 2002-2007 Actuals; 2008 Forecast 2002-2007 Actuals; 2008 Forecast 7

Fuel Hedging • 2Q08 – 36% hedged at $2.38/gal • FY08 – 33% hedged at $2.55/gal Per Eagle Eye 8-K: June 18, 2008 Per Eagle Eye 8-K: June 18, 2008 8

Fuel Increases Offset Cost Reductions Cost Reductions Fuel Increases 2002 - 2008E 2002 - 2008E $6.0B $7.5B 2002-2007 Actuals; 2008 Forecast 2002-2007 Actuals; 2008 Forecast 9

New and Modified Fees 1st Checked Bag Fee 2nd Checked Bag Fee Several Domestic Change Fee Hundreds of Confirmed Flight Charge Millions of Int’l Change Fee Dollars Res Service Fee Liquor and Food for Sale 10

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4Q Y-O-Y Domestic Mainline Capacity Announcement 4Q Y-O-Y Domestic Date Mainline Capacity 1/16/08 (0.2%) 4/16/08 (4.6%) 5/21/08 (11%) – (12%) 12

Aircraft Retirements 40 - 45 Mainline Jets 35 - 40 Regional Jets 26 Saabs 101 – 111 Total Aircraft 13

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Fleet Replacement 15

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Net Debt 20.0 18.9 20.0 18.9 17.5 17.5 17.1 17.1 18.0 18.0 16.3 16.3 16.0 16.0 >$8B 13.6 13.6 14.0 14.0 11.0 11.0 10.7 12.0 10.7 12.0 $ Billion $ Billion 10.0 10.0 8.0 8.0 6.0 6.0 4.0 4.0 2.0 2.0 0.0 0.0 2002 2003 2004 2005 2006 2007 1Q08 2002 2003 2004 2005 2006 2007 1Q08 17

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Pension Funding 2003 2007 73% 96% 19

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Gerard Arpey Chairman & CEO 21

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