jlemon

Received this interesting bit of news from the Air Transport World (ATW) daily news service this morning:

"American Airlines (AA) parent AMR Corp., which is restructuring via the Chapter 11 bankruptcy process, incurred a $1.66 billion net loss in the first quarter, according to a filing Thursday with the U.S. Securities and Exchange Commission (SEC).

The loss was widened from a $436 million net deficit in the 2011 March quarter. The results include $1.4 billion in reorganization items. First quarter revenue increased 9.1% year-over-year to $6.04 billion while expenses rose 6.3% to $6.13 billion. AA's aircraft fuel costs heightened 17.5% to $2.17 billion.

Operating loss was $89 million, narrowed from a $232 million operating deficit in the prior-year quarter.

First quarter consolidated passenger yield increased 7.4% year-over-year with mainline yield rising 7.3%, according to the airline."

My interest stems from the fact that I recently switched most of my flying from UA (I was Plat with CO for many years) to AA. We also have a number of DFW-based friends (pilots, flight attendants, maintenance folks) whom we sail with who have worked for AA for a long time. So we are hoping for the best with regard to the future of AA.....