Posted on Tuesday, October 2nd, 2012 at 7:27 pm
American Airlines’ parent company, AMR Corp., posted a loss of $82 million for the month of August. AMR filed for bankruptcy in November, forcing the company to pay expensive reorganization and negotiation fees.
The company could have posted a profit of $4 million in August had it not been forced to pay $86 million in reorganization fees, including $56 million for aircraft financing negotiations. AMR posted profits for June and July, however.
According to BusinessWeek, the Fort Worth-based company’s operating income dropped from $240 million to $55 million from July to August.
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