NYTimes.com Article: American Air’s AMR Narrows Loss

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American Air’s AMR Narrows Loss

January 21, 2004
 By REUTERS





Filed at 9:45 a.m. ET

DALLAS (Reuters) - American Airlines' parent company AMR
Corp. (AMR.N) on Wednesday reported a narrower
fourth-quarter net loss of $111 million as a result of a
cost-cutting program.

The world's largest airline also said it would bolster its
service from its Miami hub to Latin America.

The Fort Worth, Texas-based carrier said its loss amounted
to 70 cents per share. In the same quarter a year ago, it
posted a net loss $529 million, or $3.39 per share.

The company said revenue for the quarter was $4.39 billion,
up 3.9 percent from the same quarter the year before. The
carrier said it had a 12 percent decline in unit costs,
excluding special items.

Excluding special items, AMR had a loss of $95 million for
the quarter, or 59 cents per share.

American teetered on the brink of bankruptcy less than a
year ago and has launched a restructuring plan aimed at
cutting costs by $4 billion a year.

http://www.nytimes.com/reuters/business/business-airlines-american-earns.html?ex=1075697766&ei=1&en=e8088854cbc761d7


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