AMR Posts $135 Million Profit In July
FORT WORTH (AP) - The parent of American Airlines has posted July net income of $135 million.
Fort Worth-based AMR Corp. benefited from the busy summer travel season.
AMR Corp. said Monday that it would have made $189 million, if not for bankruptcy expenses of $54 million. The carrier sought Chapter 11 reorganization last November.
July revenue was $2.33 billion.
AMR ended July with $4.84 billion in cash and short-term investments, down from $4.97 billion at the end of June.
The company did not provide comparable figures for the same months last year.
For the quarter that ended in June, AMR would have earned $95 million if not for bankruptcy expenses. Those expenses meant it posted a net loss of $241 million.
(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
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