American Airlines' parent company loses a half billion in 1st quarter

AMR loses half-billion dollars in 1Q


DALLAS (AP) -- The parent of American Airlines posted a huge first-quarter loss -- a half-billion dollars, more than it lost during the recession a year ago -- and dragged other airline stocks down with it on Wednesday.

American's results showed that airlines are a long way from recovery. Although there are fleeting signs of a slight increase in air travel, and carriers have raised fares and add-on fees, the carriers are now threatened by rising prices for fuel and other expenses.

AMR Corp., the parent of American Airlines, the nation's second-largest airline, said it lost $505 million, or $1.52 per share. That's more than twice as much as bigger Delta Air Lines Inc. lost in the same period.

American expects to boost revenue later this year from international alliances with Japan Airlines, British Airways and others. But analysts questioned AMR executives about their plans to turn the company around.

JPMorgan analyst Jamie Baker said American has high costs, low profit margins and its shares lag other airline stocks. With so many problems, he said, you expect an overhaul. Then referring to American's plans, he added, "Is this really all you've got?" .........(more)

The complete piece is at: http://finance.yahoo.com/news/AMR-loses-halfbillion-dollars-apf-3718030517.html?x=0

turn the company around. Especially since they will be announcing their bonuses this week. I guess all you have to do to earn a bonus is run a company into the ground.

to me

so

i say fuck you back.

they have done everything in their power to abuse their power and turn into a criminal environment and the american people cheer.

they dont/wont get my buck