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
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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