AMR reports net loss in Q3

AMR Corporation, the parent company of American Airlines, has reported a net loss of $359 million or $1.26 per diluted share in the third quarter of 2009, compared to a net profit of $31 million or $0.12 per diluted share in the third quarter of 2008.

The company's total operating revenues for the third quarter of 2009 were $5.1 billion, a decrease of 20.2%, compared to $6.42 billion in the same quarter of 2008.

For the nine months ended September 30, 2009, the company has reported a net loss of $1.12 billion or $4 per diluted share, compared to a net loss of $1.77 billion or $7 per diluted share in the same period of 2008.

Total operating revenues for the first nine months of 2009 decreased 18.8% to $14.85 billion, compared to $18.3 billion in the first nine months of 2008.

Gerard Arpey, chairman and CEO of AMR, said: "A difficult revenue environment driven by the weakened global economy continues to overwhelm the benefit of significantly lower fuel prices, but our third quarter accomplishments better position us to address these near-term challenges and be competitive and successful for the long haul."

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