American Airlines Posts $2 Billion Loss
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DALLAS (AP) - American Airlines is reporting a $2 billion loss for the fourth quarter because of charges mostly related to its bankruptcy reorganization and merger with US Airways.
The company said Tuesday that excluding one-time charges totaling $2.4 billion, American and US Airways would have earned a combined profit of $436 million, or 59 cents per share.
Analysts, who usually exclude special items, were expecting 55 cents per share.
The airlines merged on Dec. 9 as American came out from two years in bankruptcy protection. Together they are the world’s biggest airline operator.
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