AMR Corp., the parent of American Airlines, has reported a second quarter loss of $241 million. The bankrupt airline has been hit by reorganisation costs, legal and consultants’ fees that added up to $230 million for the quarter. Officials said that without those costs, the company would have earned $95 million, its first operating profit for the early-summer quarter since 2007. “Our revenue performance has topped the industry for several months, leading to our first second quarter profit in five years, excluding reorganization and special items,” said AMR Chairman and CEO Tom Horton. “And this improvement reflects only a fraction
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