AMR, parent of American Airlines, filed its quarterly update to investors, its Eagle Eye. Among the highlights.

• Unit revenues for American Airlines should be up 7.5 to 8.5 percent over third quarter 2010, and 7.8 to 8.8 percent including regional carriers.

• Its liquidity will be down nearly $1 billion from three months earlier.

It expects to end the quarter with $4.7 billion in cash and short-term investments, including $475 million in restricted cash. That is down from $5.6 billion in cash and short-term investments on June 30, including a restricted balance of approximately $457 million.

The company had said in July that its capital expenditures would be a little over $500 million and debt repayment would be about $340 million in the third quarter.

• It expects fuel cost to average $3.02 a gallon for all of 2010. Based on projected usage of 2.78 billion gallons, that would mean that AMR would spend $8.39 billion for fuel in 2011. That is about $2 billion more than the $6.4 billion it spent for fuel in 2010.

• Third quarter capacity will be essentially flat with the same period in 2010, with domestic capacity down 1.6 percent and international capacity up 2.2 percent.

That is less than it had predicted In July. Then, AMR had predicted that the Q3 capacity would climb 1 percent, with domestic capacity down 0.8 percent and international capacity up 3.6 percent. That was a few hurricanes ago.

• Full year capacity will be up 1.2 percent over 2010. Domestic capacity will be down 0.6 percent, but international capacity will climb 4.0 percent.

• Excluding fuel, costs are expected to be up 1.3 to 2.3 percent in 2011, a worse performance that it had been projecting in late June. 0.5 to 1.5 percent.

The unit cost forecast “reflects the impacts of unit cost headwinds associated with lower than planned 2011 capacity, as well as the impact of weather-related operational disruptions,” AMR said.

• AMR signaled that it may have a significant special charge in the fourth quarter because of falling values of its older aircraft.

“In connection with the acceleration of its fleet renewal and replacement plan, the Company currently anticipates completing an impairment analysis on certain long-lived assets, including MD-80, B757, and B767 aircraft, in the fourth quarter of 2011,” the company said in the filing.

“As a result of this analysis, the Company may incur significant non-cash impairment charges that will be recorded in the fourth quarter.”

AMR is expected to report third quarter results on Oct. 19.

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