US majors had profitable 2011 despite $2 billion AMR loss

American Airlines 737-800. Courtesy, AA American Airlines (AA) parent AMR Corp., which filed for Chapter 11 bankruptcy protection last November, incurred a $2 billion full-year net loss in 2011, according to a US Securities and Exchange Commission filing. But even with that steep deficit, which included $886 million in noncash reorganization charges, US major airlines were in the black in aggregate in 2011 for the second consecutive year. According to ATW calculations, the seven ...