FORT WORTH, Texas, Apr 20 (GCTL) - AMR Corporation, the parent company of American Airlines, Inc., has reported that in the first quarter 2012, it incurred a net loss of $1.7 billion compared to a net loss of $436 million in the same period of 2011.
Excluding reorganization and special items, the net loss was $248 million compared to the net loss of $405 million for first quarter 2011, AMR said in a quarterly report filed with the U.S. Securities and Exchange Commission.
AMR recorded first quarter 2012 consolidated revenues of approximately $6.0 billion, an 9.1 percent year-over-year rise, driven by significant demand and a positive pricing environment that resulted in higher load factors and better yields.
For full story above, kindly subscribe as gctl8.com member for ONLY US$120 per year. You can enjoy :