AMR cuts labor costs, posts 4Q profit...

AMR cuts labor costs, posts 4Q profit of $262M

There are 3 comments on the Seattle Post-Intelligencer story from Jan 16, 2013, titled AMR cuts labor costs, posts 4Q profit of $262M. In it, Seattle Post-Intelligencer reports that:

The parent of American Airlines said Wednesday that it earned $262 million in the fourth quarter, a turnaround from a year-ago loss as the company goes through a bankruptcy restructuring.

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Since: May 08

Santee CA

#1 Jan 16, 2013
AMR was making money before the labor was cut. In fact the 4th quarter was when they made the severance payouts. That should have made labor a larger cost

Dillsboro, IN

#2 Jan 16, 2013
After reading the whole story, it seems like nothing has changed at the Lazy A. The place still lost $1.9 billion last quarter, so no improvement there, I wonder how long it will be before they just close the doors at that once proud airline.
To lose that kind of money and be last in the whole industry for on time arrivals is inexcusable.

Since: May 08

Santee CA

#3 Jan 17, 2013
However, The Associated Press tempers the news somewhat, writing that "one-time gains such as an income tax benefit helped. Without those, AMR said Wednesday that it would have lost $88 million. Revenue ticked down to $5.94 billion from $5.96 billion a year earlier." Enough said

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