- The Washington Times - Wednesday, April 15, 2009

DALLAS (AP) - American Airlines parent AMR Corp. says it lost $375 million in the first quarter as fewer people flew during the recession than a year ago.

The loss was smaller than Wall Street expected, as American caught a break from cheaper fuel.

AMR said Tuesday it lost $1.35 per share, including a charge of 5 cents per share related to aircraft leases. A year ago, it lost $341 million, or $1.37 per share.

Revenue was $4.84 billion, down from $5.7 billion a year ago.

Analysts surveyed by Thomson Reuters expected AMR to lose $1.68 per share on revenue of $4.73 billion. Analysts generally do not include one-time charges.

AMR is the first big airline company to report first-quarter results, with analysts expecting all the majors but Southwest to post losses.


Copyright © 2018 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide