AMR Posts Second-Quarter Profit as Average Fares Increase
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American Airlines parent AMR Corp. posted second-quarter earnings of $95 million, excluding bankruptcy-related costs, as average fares rose.
Including $336 million in restructuring costs, the net loss for the three months ended June 30 was $241 million, or 72 cents a share, the Fort Worth, Texas-based airline said today in a statement. The year-earlier loss, before the carrier sought bankruptcy protection, was $286 million, or 85 cents.