American Airlines Parent Company AMR Posts $142 Million Loss in April
Airnation.net Newswire
AMR, the parent company of American Airlines, posted a $142 million dollar loss for the month of April as high fuel prices, labor and ancilliary expenses outpaced revenue for the bankrupt carrier.
AMR Corp.’s net loss was smaller in April than in other recent months, even though revenue fell 7 percent compared with March. Air travel usually picks up from winter into spring.
AMR disclosed its April results in a filing Thursday in U.S. bankruptcy court in New York.
Since filing for Chapter 11 protection in late November, AMR has posted a net loss of $2.7 billion including bankruptcy costs and a loss of $1.1 billion excluding those items.
Category: Newswire
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Damn… Those MD80′s might be mothballed earlier than we expected!
Trust me. I’ve talked to people at AA and they can’t get those new planes fast enough!