Despite Record Revenues $AMR is Still Losing Money

“DALLAS (AP) — American Airlines is reaping higher fares and record revenue but still losing money.

AMR Corp. said Wednesday that it narrowed its second-quarter loss to $241 million mostly because of $230 million in costs tied to its bankruptcy restructuring. A year ago, it lost $286 million.

There are glimmers of hope for a turnaround at American.

Without restructuring costs and other special items, AMR would have earned $95 million, its first operating profit for the early-summer quarter since 2007. Revenue climbed 5.5 percent to $6.46 billion, a record for any quarter. And between American and regional affiliate American Eagle, planes averaged 85.1 percent full at the start of summer, also a company record.”

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