AMR Narrows Loss, Orders 35 Boeing Jets to Reduce Fuel Bill

American Airlines parent AMR Corp. posted a narrower second-quarter loss on higher fares and said it will buy 35 Boeing Co. 737-800 jets to replace its less fuel-efficient MD-80s.

The second-largest U.S. carrier also promoted Tom Horton to president, and said Bella Goren will replace him as chief financial officer, according to a statement today. The changes were announced as the Fort Worth, Texas-based company reported a loss of $10.7 million, or 3 cents a share, larger than the 1-cent average estimate of 13 analysts surveyed.