American Airlines Posts $2 Billion Loss
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 This material may not be published, broadcast, rewritten or redistributed.)
- Rondo Wants Another Title Run In Move To Dallas
- Perry: Top Official Resigning Over No-Bid Contract
- Animal Shelter At Code Red Full; Specials Offered
- 3 Men Arrested In Shooting Death, Robbery Of Dallas Mom
- Affidavit Depicts Accused Christina Morris Kidnapper As “Sexually Frustrated”
- 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