Although American Airlines already released its fourth quarter results, the carrier filed its monthly operating report with the bankruptcy court on Thursday, saying it had a $773 million profit for December.
Excluding $69 million in reorganization fees and a $569 million benefit from income taxes, the Fort Worth-based carrier would have posted a monthly net profit of $273 million. During the bankruptcy process, AMR is required to file monthly financial reports with the court. American also benefited from a $280 million gain from its settlement of its anti-trust lawsuit with Sabre.
The company said it spent $15 million on aircraft financing renegotiations and rejections and $18 million on professional fees during the month. It also spent $36 million on "other" reorganization items which are not detailed in the report.
AMR also said that its mainline carrier, American Airlines, had passenger revenues of $1.8 billion with its regional affiliates, including American Eagle, bringing in $226 million in revenues. Total revenues for the month were $2.05 billion.
The company ended the month with $480 million in cash and $3.4 billion in short-term investments for a total of about $3.9 billion on hand. That number is down from $4.0 billion in November and does not include $850 million in restricted cash.
Comments