American Airlines 737-800. Photo: By Rob Finlayson. American Airlines parent AMR Corp. on Wednesday reported a first-quarter net loss of $436 million, narrowed from a $505 million net deficit in the year-ago period, and announced a further capacity reduction in the 2011 fourth quarter. The only US major to incur a net loss in 2010 (ATW Daily News, Feb. 21) cited high fuel costs in explaining the first-quarter red ink, but noted that its results were improved year-over-year. ...

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