American Air Parent AMR Posts $135M Profit in July

By: The Associated Press Email
By: The Associated Press Email

FORT WORTH, Texas - The parent of American Airlines has posted July net income of $135 million.

Fort Worth-based AMR Corp. benefited from the busy summer travel season.

AMR Corp. said Monday that it would have made $189 million, if not for bankruptcy expenses of $54 million. The carrier sought Chapter 11 reorganization last November.

July revenue was $2.33 billion.

AMR ended July with $4.84 billion in cash and short-term investments, down from $4.97 billion at the end of June.

The company did not provide comparable figures for the same months last year.

For the quarter that ended in June, AMR would have earned $95 million if not for bankruptcy expenses. Those expenses meant it posted a net loss of $241 million.

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