AMR Corporation Reports 2006 Net Profit of $231 Million, Company's First Annual Profit Since 2000

[Hatu]

FORT WORTH, Texas, Jan. 17 /PRNewswire-FirstCall/ -- AMR Corporation (NYSE: AMR - News), the parent company of American Airlines, Inc., today reported a net profit of $17 million for the fourth quarter of 2006, or $0.07 per share fully diluted.
The current quarter results compare to a net loss of $600 million, or $3.46 per share fully diluted, in the fourth quarter of 2005. Excluding the $191 million net charge for special items, AMR's fourth quarter 2005 net loss was $409 million, or $2.36 per share.

For 2006, AMR posted a $231 million net profit, or $0.98 per share fully diluted, compared to a net loss of $857 million, or $5.18 per share fully diluted, in 2005. AMR's 2005 loss would have been $677 million excluding a $180 million net charge for special items.

http://biz.yahoo.com/prnews/070117/daw009.html?.v=90

 

[Hopeful]

FORT WORTH, Texas, Jan. 17 /PRNewswire-FirstCall/ -- AMR Corporation (NYSE: AMR - News), the parent company of American Airlines, Inc., today reported a net profit of $17 million for the fourth quarter of 2006, or $0.07 per share fully diluted.
The current quarter results compare to a net loss of $600 million, or $3.46 per share fully diluted, in the fourth quarter of 2005. Excluding the $191 million net charge for special items, AMR's fourth quarter 2005 net loss was $409 million, or $2.36 per share.

For 2006, AMR posted a $231 million net profit, or $0.98 per share fully diluted, compared to a net loss of $857 million, or $5.18 per share fully diluted, in 2005. AMR's 2005 loss would have been $677 million excluding a $180 million net charge for special items.

http://biz.yahoo.com/prnews/070117/daw009.html?.v=90

Great news!

I think the execs should get another $100 million on top of the $191 million already announced!

 

[FA Mikey]

Glad to see we are on the right track. Now with oil on the down swing, (for the moment) first quarter 07 should be a good one as well.

 

[Hopeful]

Glad to see we are on the right track. Now with oil on the down swing, (for the moment) first quarter 07 should be a good one as well.

Wow, $231 million net profit for AMR and $191 million for the execs!

Yep, we're on the right track alright Mikey!

 

[NewHampshire Black Bears]

(JESUS), even I can figure out that AA "WOULD" have made...$422M.

$231M + $191M(PUP BUCKS) = $422M.

"Shared sacrifice, anyone" ???

The IRISH have an ol' saying for it.."Pog Mo Thoin" !!!!!!


NH/BB's

 

[AirLUVer]

(JESUS), even I can figure out that AA "WOULD" have made...$422M.

$231M + $191M(PUP BUCKS) = $422M.

"Shared sacrifice, anyone" ???

The IRISH have an ol' saying for it.."Pog Mo Thoin" !!!!!!
NH/BB's

Still $78M shy of the $500M profit AA must have to pay out profit sharing to the employees.

 

[Oneflyer]

(JESUS), even I can figure out that AA "WOULD" have made...$422M.

$231M + $191M(PUP BUCKS) = $422M.

"Shared sacrifice, anyone" ???

The IRISH have an ol' saying for it.."Pog Mo Thoin" !!!!!!
NH/BB's

You aren't very interested in the facts are you?

 

[eolesen]

I'm assuming the PUP isn't included in these figures since it will be paid out in 2Q07. If so, it would have taken another $270M to trigger profit sharing.