Soaring fuel prices and low-fare competition combined to push AMR Corp. into the red for the third quarter ended Sept. 30 as the parent of American Airlines reported a net loss of $153 million for the period, narrowed from a $214 million deficit last year. The current-period loss was inflated by $58 million in special items and an $80 million charge owing to a contract termination mitigated, by a $22 million credit for the reversal of an insurance reserve. Excluding special items from both ...

Subscribe to Access this Entire Article

"AMR narrows third-quarter loss, seeks more savings" 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.