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November 30, 2012

Hurricane Sandy cost AMR $40 million in revenues

In a Securities and Exchange Commission filing made on Friday afternoon, AMR Corp. said that Hurricane Sandy cost the Fort Worth-based carrier about $40 million in revenues.

The storm, which hit the East Coast in late October, caused American Airlines and its regional carrier, American Eagle to cancel more than 2,000 flights.

The carrier, also took a $45 million hit on its revenues due to operational problems at American. The airline had thousands of flights delayed in early October partly due to pilots filing more last-minute maintenance requests, American said. The pilots union said it was not engaging in a work slow down.

-Andrea Ahles

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Comments

fw1421

This is typical for the airline industry. AMR didn't loose any money,they just didn't make money they projected to make.

Andrew

Are you also paying attention to the fact that the carrier lost $45 million in revenue because of a group of pilots slowing down the operation?

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