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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: June 25, 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 filing herewith with current unit cost
expectations for the second quarter of 2003, the weighted-
average number of AMR common shares outstanding for the
second quarter of 2003 and information regarding AMR's
cash position.
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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: June 25, 2003
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AMR EAGLE EYE
June 25, 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", "forecasts", "anticipates" and similar
expressions are intended to identify forward-looking statements.
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 costs per ASM, revenue
performance and cash flows, 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 forecasts, including the uncertain financial and business
environment for the Company. These uncertainties include, but are
not limited to, the struggling economy, high fuel prices, conflicts
in the Middle East, the SARS outbreak and historically low fare levels.
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.
2Q03 Update
This Eagle Eye update includes 2Q03 unit cost information, the
number of weighted-average common shares outstanding for the
quarter and information regarding AMR's cash position.
Please call if you have questions.
Kathy Bonanno
Director Investor Relations
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AMR EAGLE EYE
2Q Unit Costs
AMR Consolidated Cost per ASM (in cents)*
Forecast
2Q03
AMR Cost per ASM 10.6
Yr/Yr B/(W) 4.7%
American Mainline Operations Cost per ASM (in cents)*
Forecast
2Q03
AA Cost per ASM 10.2
Yr/Yr B/(W) 4.9%
* Excludes the reimbursement of security fees by the Federal Government
and any one time adjustments arising from recent concessionary agreements.
Recent Events
- In connection with non-labor concessionary agreements, the
company issued common stock. As a result, our weighted-average
shares outstanding for 2Q03 will be approximately 158M.
- Our current liquidity has been bolstered by our reduced costs, in
combination with recently improved unit revenues (as measured by
revenue per available seat mile). April 2003 unit revenues (which were
impacted by the war in Iraq and concerns over SARS) were slightly
lower than a year ago, and May 2003 unit revenues were up 4% from their
year-ago level. We are also experiencing improved unit revenue trends
for June relative to last year. While improving in recent months, our
revenues are still depressed relative to historical levels. Our reduced
costs and improved unit revenues enabled us to generate positive cash
flows from operations in May 2003 (excluding the benefit of the $358
million in security cost reimbursements we received under the Emergency
Wartime Supplemental Appropriations Act in May). If the improved unit
revenue environment continues, we would expect to show similar positive
operating cash flow results in June 2003.