American Airlines loses $1.9 billion in 2012 but profitable on operating basis

American Airlines incurred a net loss of $1.88 billion in 2012, a 5.2% improvement over a net deficit of $1.98 billion in 2011, but posted record annual revenue and a full-year operating profit. It earned a $262 million net profit for the fourth quarter, reversed from a $1.1 billion net loss in the...

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