» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 37 | NO. 41 | Friday, October 11, 2013




American Airlines' parent earns $289 million in 3Q

Print | Front Page | Email this story

DALLAS (AP) — After years of losses, American Airlines is making money by boosting revenue and cutting labor costs.

Parent company AMR Corp. said Thursday that it earned $289 million, or 76 cents per share, in the third quarter. That's 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.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0