Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

AMR has 2Q loss of $241M on bankruptcy costs

Send a link to a friend

[July 18, 2012]  DALLAS (AP) -- American Airlines is reaping higher fares and record revenue but still losing money.

AMR Corp. said Wednesday that it narrowed its second-quarter loss to $241 million mostly because of $230 million in costs tied to its bankruptcy restructuring. A year ago, it lost $286 million.

There are glimmers of hope for a turnaround at American.

AMR's revenue climbed 5.5 percent to $6.46 billion, a record for any quarter. Between American and regional affiliate American Eagle, planes were on average 85.1 percent full at the start of summer, also a company record.

American and AMR filed for bankruptcy protection in November. The company is seeking to cut labor costs and shed money-losing routes to return to profitability.

[Associated Press; By DAVID KOENIG]

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

< Recent articles

Back to top


 

News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor