Fuel prices and weather hits profits for American Airlines' parent

American Airlines's parent, AMR Corp, has blamed high fuel prices and weather disruptions for its fourth quarter loss of $69 million.

The airline achieved a profit of $17 million during the same period in 2006.

But revenue was higher during the 2007 fourth quarter, up from $5.4 billion a year ago to $5.68 billion.

For the full year, AMR profit was $504 million on revenue of $22.94 billion. In 2006, profit was $231 million on revenue of $22.56 billion.


By Bev Fearis

Thursday, January 17, 2008

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