AMR Posts Net Loss Of $1.9bn In 2012

American Airlines’ parent company AMR Corporation has reported financial results for 4Q and the year ending December 31, 2012. There was a full-year net loss of $1.9bn; excluding reorganisation and special items, full-year net loss was $130m – a $932m improvement on 2011. Revenues for the year were $24.9bn; full-year operating profit rose by $749m to $494m excluding special items. American took delivery of 30 new aircraft during the year: 28 737-800s and two 777-300ERs, including nine narrowbodies and two widebodies in 4Q. “We have made enormous progress towards building the new American," said Tom Horton, chairman and CEO, AMR. “Our momentum is growing toward emerging as a strong, healthy and vibrant competitor,” he stated. Horton predicted “strong results” beginning in 1Q, 2013.

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