American Airlines 2005 Annual Report Download - page 38

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35
2004 Compared to 2003 The Company’s revenues increased approximately $1.2 billion, or 6.9 percent, to
$18.6 billion in 2004 compared to 2003. American’s passenger revenues increased by 4.8 percent, or $689
million, on a capacity (available seat mile) (ASM) increase of 5.3 percent. American’s passenger load factor
increased 2.0 points to 74.8 percent while passenger revenue yield per passenger mile decreased by 3.1 percent
to 11.54 cents. This resulted in a decrease in passenger revenue per available seat mile (RASM) of 0.5 percent
to 8.63 cents. In 2004, American derived approximately 66 percent of its passenger revenues from domestic
operations and approximately 34 percent from international operations. Following is additional information
regarding American’s domestic and international RASM and capacity:
Year Ended December 31, 2004
RASM
(cents)
Y-O-Y
Change
ASMs
(billions)
Y-O-Y
Change
DOT Domestic 8.47 (2.1)% 118 1.1%
International 8.97 2.8 56 15.4
DOT Latin America 8.78 (3.3) 28 18.6
DOT Atlantic 9.25 8.4 23 9.1
DOT Pacific 8.79 14.9 5 27.7
Regional Affiliates’ passenger revenues, which are based on industry standard proration agreements for flights
connecting to American flights, increased $357 million, or 23.5 percent, to $1.9 billion as a result of increased
capacity and load factors. Regional Affiliates’ traffic increased 32.0 percent to 7.3 billion revenue passenger
miles (RPMs), while capacity increased 26.0 percent to 10.8 billion ASMs, resulting in a 3.0 point increase in
passenger load factor to 67.2 percent.
Cargo revenues increased 12.0 percent, or $67 million, primarily due to a 10.2 percent increase in cargo ton
miles.