AMR Makes Money After Years Of Losses

DALLAS (October 17, 2013)--After years of losses, the parent company of American Airlines is making money by boosting revenue and cutting labor costs.

AMR Corp. said Thursday that it earned $289 million, or 76 cents per share, in the third quarter, a turnaround from a loss of $238 million, or 71 cents per share, a year earlier.

Adjusted profit is a record $530 million.

That figure doesn't include bankruptcy-reorganization costs and other special items.

Revenue is up 6 percent, as passengers pay more per mile to fly.

Labor costs are down 13 percent from a year ago.

American and US Airways plan to merge if they can win or settle an antitrust lawsuit filed by the U.S. Justice Department.


KWTX-TV News 10 6700 American Plaza Waco, Texas 76712 (254) 776-1330 Fax (254) 751-1088
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 228232031 - kwtx.com/a?a=228232031