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AMERICAN AIRLINES : AN ENORMOUS PROGRESS TOWARDS « THE NEW AMERICAN ».

WHILE STILL UNDER CHAPTER 11  BANKRUPTCY PROTECTION AND UNDER PRESSURE FROM US AIRWAYS TO MERGE, AMERICAN AIRLINES JUST REPORTED  A FOURTH-QUARTER PROFIT MOSTLY BECAUSE OF LOWER COSTS AND SOME REORGANIZATION CREDITS.

IN THE FOURTH QUARTER, AMERICAN AIRLINES HAD A NET PROFIT OF $262 MILLION, COMPARED WITH A NET LOSS OF $1.1 BILLION IN THE YEAR-EARLIER PERIOD.

FOR ALL OF 2012, AMERICAN AIRLINES LOST $1.9 BILLION, COMPARED  WITH A LOSS OF $2 BILLION IN 2011.

REVENUE ROSE TO $24.9 BILLION, THE HIGHEST IN THE COMPANY’S HISTORY, COMPARED WITH $24 BILLION THE PREVIOUS YEAR.

THE COMPANY HAS $4.7 BILLION IN CASH AND SHORT-TERM INVESTMENTS, INCLUDING A RESTRICTED CASH BALANCE OF $850 MILLION.

 

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