American Airlines posts fourth-quarter loss after charges
Jan 28 (Reuters) - American Airlines Group Inc, the world's biggest carrier after a late-2013 merger with US Airways, reported a loss of $2 billion, or $8.66 a share, for the fourth quarter after charges tied to its reorganization.
The latest period included results for American's former parent AMR Corp for the full quarter and for US Airways from Dec. 9, the date of the merger's closing, through Dec. 31, the company said on Tuesday.
When quarterly results for the former American and US Airways were combined, it posted a profit of $436 million, excluding special charges, up from $42 million a year earlier.
The merger was the means by which American Airlines emerged from U.S. bankruptcy protection.
- Tesla says in talks with BMW over car batteries, parts
- Hagel, under pressure, resigns as defense secretary |
- Missouri grand jury has made decision in fatal shooting of black teen: report |
- Iran nuclear talks extended seven months after failing to meet deadline |
- Actor Dwight Henry eyed in New Orleans killing after arrest for theft