EXCLUDING SPECIAL CHARGES, FOURTH QUARTER LOSS WAS
Facing Economic Uncertainty and Fuel Price Volatility in 2009, Company Plans to Further Trim Capacity, Enhance Global Network, Execute on Fleet Replacement, and Focus on Balance Sheet and Dependability
FORT WORTH, Texas , Jan. 21 /PRNewswire-FirstCall/ -- AMR Corporation (NYSE: AMR), the parent company of American Airlines, Inc., today reported a net loss of
The results for the fourth quarter of 2008 include the impact of two special charges: a
Excluding those special charges, the Company lost
The current quarter results compare to a net loss of
For all of 2008, AMR recorded a net loss of
In 2007, AMR reported a net profit of
Historically high and volatile jet fuel prices continued to challenge the Company in the fourth quarter of 2008. AMR paid
"Our fourth quarter and full-year 2008 results reflect the difficulties all airlines faced last year, but we believe our steps to reduce capacity, bolster liquidity, and improve revenue helped us better manage the challenges of record fuel prices and a weak economy," said AMR Chairman and CEO Gerard Arpey . "We believe these actions and our fleet renewal efforts have put us on sounder footing as we face continued economic uncertainty, slower travel demand, and fuel price volatility in 2009. We intend to continue managing our business - from capacity and fleet planning to balance sheet repair, fuel hedging and revenue initiatives - conservatively and with discipline. I want to thank employees for their commitment during a difficult 2008. While significant hurdles remain, I am guardedly optimistic we can regain momentum in 2009."
FORT WORTH, Texas, Jan. 20 /PRNewswire-FirstCall/ -- AMR Corporation, the parent company of American Airlines, Inc., today reported a net loss of $344 million, or $1.03 per share, for the fourth...
FORT WORTH, Texas, July 15 /PRNewswire-FirstCall/ -- AMR Corporation (NYSE: AMR), the parent company of American Airlines, Inc., today reported a net loss of $390 million for the second quarter of...
Parent of AA reports loss: Reduced air travel leads to $344 million in red ink during the fourth quarter
-- Jan. 21--AMR Corp., the parent of American Airlines, reported a fourth-quarter loss of $344 million or $1.03 per share Wednesday as the economic downturn took a toll on air travel...
ATLANTA , Oct. 22 /PRNewswire-FirstCall/ -- Delta Air Lines (NYSE: DAL) today reported financial results for the September 2009 quarter. Key points include: -- Delta's net income...