American Airlines parent reports USD728m operating loss in Dec-2011
1-Feb-12 4:36 PM
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American Airlines parent, AMR Corp, reported (31-Jan-2012) an operating loss of USD728 million and a net loss of USD904 million in Dec-2011, the first monthly operating report as part of its Chapter 11 bankruptcy. The company attributes the net loss to a total of USD725 million in special charges including an impairment charge of USD713 million for some of American Airlines’ fleet of Boeing 757 aircraft and certain related long-lived assets. AMR’s Dec-2011 financial performance are as follows:
- Total operating revenue: USD1995 million;
- Passenger: USD1716 million;
- Cargo: USD55 million;
- Total operating costs: USD2723 million;
- Operating profit (loss): (USD728 million);
- Net profit (loss): (USD904 million);
- Total assets: USD23,848 million;
- Cash: USD283 million.
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