American Airlines` parent company announces record loss

AMR Corporation, the parent company of American Airlines, has reported the largest quarterly loss in its history but said there were signs that the industry was beginning to recover. The company reported a fourth-quarter net loss of $798 million, or $5.17 per share, compared with a $47m profit for the last three months of 2000. The record loss left AMR with a deficit for the full-year of $1.8bn, compared with a profit of $770m in 2000.