Tags: Earns AMR

American Airlines Parent AMR Loses $97 Million in Quarter

Wednesday, 19 Jan 2011 09:56 AM

The parent of American Airlines loses $97 million in the fourth quarter, as the nation's third-biggest airline recovers from the recession more slowly than its rivals.

AMR Corp. said Wednesday its net loss was 29 cents per share.

Without a write-down of some routes, AMR lost 21 cents per share. Analysts, who usually ignore items, expected a loss of 26 cents per share, according to FactSet.

Revenue was better than expected — $5.59 billion, compared with analysts' forecast of $5.47 billion.

AMR continues to lag other airlines. Delta said Tuesday that it earned $19 million in the fourth quarter, and analysts expect other big U.S. airlines to post profits.

Meanwhile, American says it's talking with Expedia and Orbitz about getting its flights listed again on the online travel agencies' websites.

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The parent of American Airlines loses $97 million in the fourth quarter, as the nation's third-biggest airline recovers from the recession more slowly than its rivals.AMR Corp. said Wednesday its net loss was 29 cents per share.Without a write-down of some routes, AMR lost...
Earns AMR
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2011-56-19
Wednesday, 19 Jan 2011 09:56 AM
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