American posts substantial improvement despite loss, new aircraft order and management realignment
The only US legacy carrier to report a loss, AMR’s second quarter results shows a USD379m swing from the year-ago period as it posted a net loss of USD10.7 million despite increasing fuel prices that drove a USD334 million jump in jet fuel costs during the quarter. Newly installed President Tom Horton also noted that the company’s performance was a USD440 million improvement over the first quarter and was the first operating profit since the third quarter of 2007.
