American Airlines 1998 Annual Report Download - page 3

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1
Percent
Year Ended December 31, 1998 1997 Change
Total operating revenues $19,205 $18,184 5.6
Total operating expenses $16,867 $16,277 3.6
Operating income $2,338 $1,907 22.6
Operating margin 12.2% 10.5% 1.7 pts.
Income from continuing operations $1,306 $973 34.2
Net earnings $1,314 $985 33.4
Average shares of common stock outstanding (in thousands) 168,750 178,304 (5.4)
Earnings per common share (basic)
From continuing operations $7.73 $5.45 41.8
Net earnings $7.78 $5.52 40.9
Earnings per common share (diluted)
From continuing operations $7.48 $5.32 40.6
Net earnings $7.52 $5.39 39.5
Return on equity 20.4% 16.6% 3.8 pts.
Ratio of current assets to current liabilities at year-end 0.86 0.89 (3.4)
Average equivalent number of employees 116,300 113,900 2.1
Approximate number of common shareholders of record at year-end 14,000 14,300 (2.1)
Increase/(Decrease) Increase/(Decrease) Increase/(Decrease)
From From From
Average Equivalent Headcount 1998 Previous Year 1997 Previous Year 1996 Previous Year
Management/Specialist 19,300 5.5% 18,300 7.0% 17,100 5.6%
Agent/Support Staff 32,600 1.6% 32,100 (1.2)% 32,500 2.2%
Pilots*10,900 (0.9)% 11,000 (1.8)% 11,200 (1.8)%
Flight Attendants*19,000 3.3% 18,400 (0.5)% 18,500 (3.1)%
Mechanics, Ramp Service,
Other Ground Personnel*34,500 1.2% 34,100 6.6% 32,000 1.6%
Total 116,300 2.1% 113,900 2.3% 111,300 1.2%
*The majority are represented by a labor union. Following is a list of the status of major existing contracts:
Allied Pilots Association. Contract amendable August 31, 2001.
Association of Professional Flight Attendants. Contract became amendable November 1, 1998.
Flight Engineers International Association. Contract amendable August 31, 2001.
Transport Workers Union. Contract amendable March 1, 2001.
AMR is an equal opportunity employer.
CONSOLIDATED HIGHLIGHTS
AM R EM PLOYEE PROFILE
(Dollars in millions, except per share amounts)