Coverage of the merger between American Airlines and US Airways

AMR Lost $904 Million in December

Job cuts expected to be proposed Wednesday

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    NEWSLETTERS

    TK
    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 Merger:
    Complete coverage of the merger between American Airlines and US Airways into the newly-formed Fort Worth-based company, American Airlines Group (AAL). Click here for more.