AMR Lost $904 Million in December

Job cuts expected to be proposed Wednesday

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Ray Richard

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.

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