Operating under Chapter 11 status has not stopped the steady flow of red ink at American Airlines (AA) parent AMR Corp.
Operating under Chapter 11 status has not stopped the steady flow of red ink at American Airlines (AA) parent AMR Corp. The bankrupt company, which incurred a $2 billion net loss in 2011 (ATW Daily News, Feb. 21), reported a $234 million net loss for the month of January, according to a US Securities and Exchange Commission (SEC) filing. Revenue generated during the month totaled $2.03 billion while costs were $2.04 billion, producing a $5 million operating loss. Net profit was ...
Subscribe to Access this Entire Article
"American loses $234 million in January " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.