American Airlines parent AMR Corp. said a "very difficult revenue environment" drove a second-quarter net loss of $390 million, narrowed 73.3% from a $1.45 billion deficit in the year-ago period when heavy noncash impairment charges dragged down the bottom line. But the loss actually was widened from a $298 million deficit last year absent special charges. The quarter was "obviously disappointing," Chairman and CEO Gerard Arpey said. "We've got to continue to anticipate a tough ...

Subscribe to Access this Entire Article

"American posts $390 million second-quarter loss as revenue falls 20.9%" 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.

Already registered? here.