American Airlines Parent Posts $1.7 Billion Loss
FORT WORTH (AP) - The parent company of American Airlines says it lost $1.7 billion in the first quarter, mostly on costs related to its bankruptcy restructuring.
AMR Corp. said Thursday that excluding bankruptcy costs and other special items, it would have lost $248 million, compared to a loss of $405 million a year ago.
American and AMR filed for bankruptcy protection in November. The company is trying to cut debt and labor costs.
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