American Airlines loses $192m in February

Victoria
By Victoria March 29, 2013 11:28

American Airlines loses $192m in February

AMR Corp., American Airlines parent, has posted a loss of $192 million for the month of February, according to a bankruptcy filing. This includes $15million in reorganization fees as well $14million on professional advisory fees and $1million on financing negotiations added to a $177 million operating loss.
American Airlines raised passenger revenue of $1.4 billion, while regional affiliates earned $200 million bringing the total monthly revenue to $1.8 billion.
AMR ended the month with $584 million in cash and $3.4 billion in short-term investments, excluding $850 million in restricted cash.

Victoria
By Victoria March 29, 2013 11:28
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