American Airlines` parent company announces record loss

17th Jan 2002

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.





Recommended for you

Follow Breaking Travel News

Travel Events Calendar

Media Partnerships

Global Restaurant Investment ForumThe Hospitality & Tourism SummitCATHIC
ITB AsiaChina Outbound Travel & Tourism MarketThe Travel Marketing Store
Serviced Apartment SummitWorld Travel MarketIMEX
AHICWTTCRoutes Online
UBM Aviation