American Airlines Posts $2 Billion Loss
Get Breaking News First
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.
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
- Stars Set To Retire Mike Modano’s No. 9
- Loved Ones Celebrate Life Of Richardson Teacher
- Reunion For Cleburne Segregated School Alumni
- Kaufman County Man Fulfills Promise To Murdered DA
- Albertsons Parent Cerberus To Buy Safeway
- Azle Residents Take Quake Concerns To Austin
- Cowboys’ Romo Update: Complication In Back Surgery
- TCU Students Demand Higher Quality Toilet Paper
- Garland Police Arrest Teen Suspect For 7-11 Clerk Murder
- Owner Reunites With Dog 4 Months After ‘Dognapping’
- PHOTOS: Your Pet Pictures