AMR reports Q3 loss on high fuel prices

10/19/2011 | Philadelphia Inquirer, The · Fox Business · Bloomberg

AMR Corp., the parent company of American Airlines, posted a third-quarter loss of $162 million, compared with a profit of $143 million in the same period last year. The ailing carrier blames rising fuel prices, which have risen 41% in the same period last year, as well as negative effects of foreign-exchange rates and weak demand. The company is working to cut costs by reducing winter capacity and upgrading its fleet.

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Philadelphia Inquirer, The · Fox Business · Bloomberg

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