[lonestar]

AMR Reports USD$238 Million Q3 Loss
October 17, 2012


American Airlines parent AMR on Wednesday reported a third-quarter net loss of USD$238 million on worker severance and Chapter 11 costs.

The latest results were up from the from the USD$162 million reported a year ago and included USD$348 million in severance and reorganisation costs.

Revenue rose 0.8 percent to USD$6.43 billion. Operating expenses were up 0.6 percent, but fuel costs fell 3.3 percent.

Unit revenue, a key measure of pricing power, rose 4.3 percent from a year earlier at American and regional affiliates.
The company, which filed for Chapter 11 bankruptcy protection last November and is evaluating a potential merger with rival US Airways, cited progress in reducing costs.

http://news.airwise.com/story/view/1350507131.html