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AMR Corp. posts losses of $82 million for August

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.

If your are considering filing for Chapter 11 bankruptcy to save your business, contact the experienced Chapter 11 bankruptcy lawyers of the Law Office of Russell Van Beustring, P.C., today at 713-973-6650.


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