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AMR Lost $344 Million in Fourth Quarter
AP Airlines Writer
For all of 2009, AMR lost $1.47 billion, or $4.99 per share, compared with a loss of $2.12 billion, or $8.16 per share, in 2008. Revenue tumbled 16.2 percent to $19.92 billion, as $3.85 billion in revenue vanished with slow demand for travel. Spending on fuel fell 38 percent, however, to $5.55 billion - a savings of $4.46 billion - as prices fell from record levels in 2008.
AMR, based in Fort Worth, also owns the American Eagle commuter airline.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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