AIRLINES
AMR Reports Loss: The Ft. Worth-based parent of American Airlines lost $123 million in the fourth quarter--half the amount it lost a year earlier--after a hefty restructuring charge and problems with its commuter subsidiary. The per-share loss for the three months ended Dec. 31 amounts to $1.70 per share on revenue of nearly $4 billion, AMR Corp. said. That includes a charge of $278 million, or $174 million after taxes, on employee severance and other restructuring charges. Earnings were also hurt by the disruption of AMR’s American Eagle commuter line operations in the wake of two fatal crashes.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.