In first report since merger, American Airlines posts $2B loss on charges, but tops estimates - InfoNews

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In first report since merger, American Airlines posts $2B loss on charges, but tops estimates

FILE- In this Tuesday, Aug. 13, 2013, file photo, an American Airlines plane and a US Airways plane are parked at Washington's Ronald Reagan National Airport in Washington.American Airlines reports quarterly earnings on Tuesday, Jan. 28, 2014. (AP Photo/Susan Walsh, File)
January 28, 2014 - 5:31 AM

DALLAS - American Airlines is reporting a $2 billion loss for the fourth quarter because of charges mostly related to its bankruptcy reorganization and merger with US Airways.

The company said Tuesday that excluding one-time charges totalling $2.4 billion, American and US Airways would have earned a combined profit of $436 million, or 59 cents per share.

Analysts, who usually exclude special items, were expecting 55 cents per share.

The airlines merged on Dec. 9 as American came out from two years in bankruptcy protection. Together they are the world's biggest airline operator.

News from © The Associated Press, 2014
The Associated Press

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