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Quotes & Info
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| AAI > SEC Filings for AAI > Form 8-K on 2-Oct-2009 | All Recent SEC Filings |
2-Oct-2009
Regulation FD Disclosure
Expected Results of Operations for the Quarter Ending September 30, 2009
On September 30, 2009 we revised our guidance for the quarter ended September
30, 2009 as set forth below. We are not providing guidance in regards to net
(gains) losses on derivative financial instruments.
The percent changes in our: projected unit revenue; and, projected non-fuel unit
operating cost for the three months ended September 30, 2009 compared to the
three months ended September 30, 2008 follow:
Percent Change
Total revenue per ASM (1) Decrease 10% to 11%
Non-fuel operating cost per ASM (2) Increase 3.5% to 4.0%
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In addition, we anticipate our average cost of aircraft fuel per gallon (3) to be between $2.03 and $2.07.
(1) Total revenue divided by ASMs
(2) Total operating expenses less aircraft fuel expense divided by
ASMs. Non-fuel operating cost per ASM is a measure of unit
operating costs which is not determined in accordance with
generally accepted accounting principles. Both the cost and
availability of fuel are subject to many factors which are out of
our control; therefore, we believe that non-fuel operating cost per
ASM provides a useful measure of an airline's unit operating
expense which facilitates an understanding of operating costs over
time. Non-fuel operating costs for the three months ended September
30, 2009 and 2008 were reduced by gains on dispositions of assets
of approximately $5 million and $9 million, respectively.
(3) Total fuel expense including taxes and into-plane fees divided by
gallons of fuel burned.
The information in this Form 8-K is being furnished under Item 7.01 and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities and Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Forward Looking Information
Statements regarding the Company's operational and financial success, business model, expectations about future success, competitive environment, unit revenues, improved operational performance, and our ability to maintain or improve our low costs are forward-looking statements and are not historical facts. Instead, they are estimates or projections involving numerous risks or uncertainties, including but not limited to, consumer demand and acceptance of services offered by the Company, the Company's ability to maintain current cost levels, fare levels and actions by competitors, regulatory matters and general economic conditions. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company's SEC filings, including but not limited to the Company's annual report on Form 10-K for the year ended December 31, 2008, or as supplemented in the Company's subsequently filed periodic reports. The Company disclaims any obligation or duty to update or correct any of its forward-looking statements.
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