American Airlines 1998 Annual Report Download - page 8

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6
1998 QUARTERLY HIGHLIGHTS
FIRST QUARTER
• American announces extensive service additions, includ-
ing new flights between Boston and San Diego, San
Francisco and San Jose; Dallas/Fort Worth-Manchester,
U.K.; and Newark-London Heathrow.
• American reveals plans to increase the first class section
from 14 to 20 seats on more than 100 Super 80 aircraft.
• American and Japan Airlines announce a broad
codeshare program.
• AA Cargo reports record revenue ton miles for the
first quarter in Latin American markets.
• The Sabre Group wins a 10-year, $165-million informa-
tion technology outsourcing agreement with Gulf Air.
• Commuter World names American Eagle “Regional Airline
of the Year.” American Eagle announces the
transition from four airlines to a single carrier.
• AMR earns $290 million in the first quarter.
SECOND QUARTER
• Donald J. Carty succeeds Robert L. Crandall as
AMR’s chairman and CEO.
• $500-million stock repurchase program and 2-for-1
stock split completed.
• American and US Airways announce an innovative
marketing alliance, linking frequent flyer programs and
offering reciprocal access to airport clubs.
• Boeing 737-800 orders increase to 100 aircraft.
• American Eagle inaugurates regional jet service.
• New international service begins between Chicago
O’Hare-Tokyo; Chicago O’Hare-Monterrey, Mexico; and
Dallas/Fort Worth-Panama City, Panama.
• AMR earns a record $409 million in the second quarter.
THIRD QUARTER
•American joins with British Airways, Canadian Airlines,
Cathay Pacific and Qantas to announce the oneworld
global airline alliance.
• AMR announces plans to sell AMR Services, AMR Combs,
and TeleService Resources subsidiaries.
• Second $500-million stock repurchase program completed.
• American welcomes Finnair into codeshare network;
expands codeshares with Grupo Taca and Iberia; and
begins codesharing with Asiana and China Eastern.
• Boeing 777 orders increase to 34 aircraft.
• American Eagle orders 75 new 37-seat ERJ-135 jets.
• AMR earns a record $433 million in the third quarter.
FOURTH QUARTER
•American completes the tender offer for Reno Air and
American Eagle announces it will buy Business Express.
• AMR begins another $500-million stock repurchase.