American Airlines Posts $2B Loss In Fourth Quarter - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

American Airlines Posts $2B Loss In Fourth Quarter

Posted: Updated:
File photo. File photo.
DALLAS -

American Airlines reported a $2 billion loss for the fourth quarter because of $2.4 billion in special charges, mostly related to its bankruptcy reorganization and merger with US Airways.

The company said Tuesday that excluding those one-time charges, American and US Airways would have earned a combined profit of $436 million, or 59 cents per share. Analysts, who usually exclude such items, were expecting 55 cents per share.

American Airlines: Turbulent Times

The airlines officially merged on December 9, 2013 as American came out from two years under bankruptcy protection and formed a new company called American Airlines Group Inc., the world's biggest airline operator.

Tuesday's results were the first from the new company and were complicated by the timing of the merger, two-thirds into the quarter. Official figures included less than one month of US Airways' operations. The company also gave figures as if the airlines had merged at the beginning of the quarter, and compared those to the separate results of American and US Airways during the same period in 2012.

American Airlines news release

The combined profit of $436 million, which excluded the one-time restructuring items, compared with a combined loss of $42 million a year earlier.

‘‘The early returns on our merger are very positive,'' CEO Doug Parker said in a statement. He said the company expected results to improve further in 2014.

American and US Airways will operate as separate airlines with their own fleets and reservations systems for up to two years before phasing out the US Airways brand.

The Associated Press contributed to this report.

Special Features

Community Calendar

Find out what's going on around town and submit events!

Share

See it! Shoot it! Send it! Share your weather pics and videos with NewsOn6.com!

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

Mobile Alerts

Get breaking news, headlines, weather alerts & more on your cell phone.

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

WARN Interactive

Special Coverage

  • Bridge Tracker

    How safe are Oklahoma's bridges? Use Bridge Tracker to find out now.

  • Cold Case

    Join Lori and local homicide detectives as they search for Cold Case clues.

  • Crime Tracker

    Find out what crimes are committed in your area with Crime Tracker.

  • Fallen Heroes

    News On 6 honors our fallen Oklahoma heroes. View our interactive timeline.

  • Murrah Bombing Timeline

    Learn more about the events leading up to and following the bombing.

  • Storm Zone

    Watch tornadoes tear across Oklahoma and learn how to stay safe!

  • Turnpike Timelines

    View a historical road map of Oklahoma's turnpike system.

Powered by WorldNow
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111
OKLAHOMA CITY'S OWN TM
Oklahoma's Own News9.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state including Oklahoma City's Own.
All content © Copyright 2000 - 2014, WorldNow and KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.