AMR Corp., American Airlines’ parent company, posted a $619 million net loss in February, according to a court filing made on Thursday. The Fort Worth-based carrier said its revenues for the month were $1.8 billion.
American spent $375 million in February on reorganization items, including $339 million to reject facility bond obligations related to Dallas/Fort Worth airport and Fort Worth Alliance airport. The company also reported that its unrestricted cash and short-term investments rose to $4.65 billion, up from $4.14 billion on Jan. 31.
The carrier is required to file monthly financial reports while it is in Chapter 11 bankruptcy. In the first three months of bankruptcy, AMR has lost $1.76 billion.
how do you lose 619 million dollars in February when you dont have to pay anyone. I just dont understand
Posted by: ed | March 30, 2012 at 02:49 PM
Well ed I tell ya. However they are doing it will certainly become mandatory case study material at all the big Crook business schools. They will teach the AMR method to all future business grads.
Posted by: CeoCrookWannaBe | March 31, 2012 at 03:13 PM
Where do you idiots get your information? "ed", they still have to pay for fuel, catering, landings, and salaries! Wake up!
And for the disgruntled employee posing as a disgruntled employee; wait, nevermind.
Posted by: How disappointing Panderturd! | April 09, 2012 at 09:35 AM