AMR posts second-quarter loss, record revenue

Print
Email
|

WFAA

Posted on July 18, 2012 at 11:23 AM

Updated Wednesday, Jul 18 at 12:36 PM

As AMR deals with bankruptcy, the company announced its second quarter earnings Wednesday.

The Fort Worth-based parent of American Airlines posted a profit of $95 million, excluding
bankruptcy-related costs. A rise in average fares helped out.

Including restructuring costs, AMR posted a loss of $241 million.

CEO Tom Horton sent a letter to his employees in which he said "this improvement is further demonstration that we are, thanks to all of you, well on our way toward building the new American."

American Airlines officials will also have an eye on Washington. The CEO of US Airways will speak before the National Press Club Wednesday afternoon.

He's expected to detail his efforts to merge with bankrupt American.

He will also talk about the current state of the airline industry and the benefits of consolidation.



 

Print
Email
|