AMR reports second quarter loss of USD465 million before a special item.

0 Comments | M2 Presswire, July, 2002

M2 PRESSWIRE-17 July 2002-AMR CORPORATION: AMR reports second quarter loss of USD465 million before a special item (C)1994-2002 M2 COMMUNICATIONS LTD RDATE:07172002 FORT WORTH, Texas -- AMR Corporation, the parent company of American Airlines, Inc., today reported a second quarter net loss of $465 million before a special item, or $3.00 per share.

This compares with a net loss of $105 million before special items, or $0.68 per share, in the second quarter of 2001. "We continued to see a very weak revenue environment in the second quarter," said Don Carty, AMRs chairman and chief executive officer, "and although traffic has rebounded nicely since last fall, average fares are at 15-year lows, sharply depressing yields." In response, the company...