American Airlines parent posts smaller quarterly loss
April 18 (Reuters) - American Airlines parent AMR Corp , which plans to merge with US Airways Group Inc this year, reported a smaller first-quarter loss on Thursday, aided by cost-cutting from its Chapter 11 restructuring.
The carrier had a net loss of $341 million, or $1.02 a share, compared with a loss of $1.7 billion, or $4.95 a share, a year earlier. Excluding reorganization and special items, the carrier said it had a profit of $8 million.
- Malaysia says no evidence missing plane flew hours after losing contact |
- Russia holds war games near Ukraine; Merkel warns of catastrophe |
- Rescuers seek survivors of NY building collapse; seven dead
- White House tried to mediate dispute between Senate, CIA panel: source
- Missing jet may have strayed to west, Malaysia military says |