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American Airlines parent AMR narrows loss

A worker walks underneath an American Airlines airplane at Miami International airport.

LUCAS JACKSON/REUTERS

American Airlines parent AMR Corp. reported a smaller loss for the second quarter, citing its highest quarterly revenue in company history.

The company, which sought U.S. Bankruptcy Court protection last November, said its net loss had narrowed to $241-million, or 72 cents a share, from $286-million, or 85 cents a share, a year earlier.

Excluding reorganization costs and other special items, AMR said it had a profit of $95-million.

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Quarterly revenue rose 5.5 per cent to $6.5-billion.

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