American Airlines 2008 Annual Report Download - page 88

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85
15. Quarterly Financial Data (Unaudited) (Continued)
The fourth quarter 2007 results include the impact of several items, including: a $138 million gain on the sale of
AMR’s stake in ARINC included in Other Income, Miscellaneous – net, a $39 million gain to reflect the positive
impact of the change to an 18-month expiration of AAdvantage miles included in Passenger revenue, and a $63
million charge associated with the retirement of 24 MD-80 aircraft and certain other equipment that previously had
been temporarily stored included in Special charges.
The second quarter 2008 results include an impairment charge of $1.1 billion to write the McDonnell Douglas MD-
80 and Embraer RJ-135 fleets and certain related long-lived assets down to their estimated fair values, and a $55
million accrual for employee severance costs.
The Company’s third quarter 2008 results include the sale of American Beacon for total proceeds of $442 million
with a net gain of $432 million and $27 million of special charges due to continued capacity reduction effects.
The results of the fourth quarter of 2008 were impacted by a pension settlement charge of $103 million for one of
the Company’s defined benefit plans.