Coverage of the merger between American Airlines and US Airways

AMR Posts $135 Million Profit in July

July revenue was $2.33 billion

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    NEWSLETTERS

    AP
    An American Airlines 777-200.

    The parent of American Airlines has posted July net income of $135 million.

    Fort Worth-based AMR Corp. benefited from the busy summer travel season.

    AMR Corp. said Monday that it would have made $189 million, if not for bankruptcy expenses of $54 million. The carrier sought Chapter 11 reorganization last November.

    July revenue was $2.33 billion.

    AMR ended July with $4.84 billion in cash and short-term investments, down from $4.97 billion at the end of June.

    The company did not provide comparable figures for the same months last year.

    For the quarter that ended in June, AMR would have earned $95 million if not for bankruptcy expenses. Those expenses meant it posted a net loss of $241 million.


    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.