AMR Lost $904 Million in December

Job cuts expected to be proposed Wednesday

Wednesday, Feb 1, 2012 | Updated 9:25 AM CDT

Ray Richard

An American Airlines plane sits on the tarmac at the Great Moncton International Airport, in Moncton, New Brunswick, after landing due to a report of smoke in the cockpit.

American Airlines' parent company says it lost $904 million in December -- more than in the first nine months of 2011 combined.

Revenue was $2 billion in December, American's first full month operating while under bankruptcy protection.

AMR Corp. disclosed the numbers in a filing late Tuesday with a federal bankruptcy court in New York.

Company executives are scheduled to meet with employees Wednesday in Fort Worth, Texas, to detail concessions they want from unions under a reorganization plan. Unions expect the company to propose job cuts and either freeze or end American's pension plans.

AMR filed for bankruptcy protection on Nov. 29. It lost $884 million in the first nine months of 2011 and about $11 billion since 2001.

American Airlines Bankruptcy:
Find complete coverage of the American Airlines bankruptcy proceedings, expert analysis and impact to customers and the local economy in our special section. Click here for more.