AMR Loses $192M in February - NBC 5 Dallas-Fort Worth

Coverage of the merger between American Airlines and US Airways

AMR Loses $192M in February



    AMR Loses $192M in February

    The parent company of American Airlines lost $192 million in February despite slashing labor costs by 20 percent from a year ago.

    The loss was much narrower than in February 2012. That's when Fort Worth-based AMR Corp. lost $619 million just a few months after filing for bankruptcy protection.

    AMR reported the February results Thursday to bankruptcy court in New York. On Wednesday, the same court approved a plan for American to merge with US Airways Group Inc.

    The merger still faces review by the U.S. Justice Department.

    AMR says February revenue rose 1 percent, to $1.82 billion. Operating costs fell 2 percent.

    Spending on wages, salaries and benefits dropped to $470 million from $584 million as the company eliminated thousands of jobs.

    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.