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American Air parent loss widens on high fuel costs
Wed Jan 19, 2005 09:03 AM ET
DALLAS, Jan 19 (Reuters) - American Airlines parent AMR Corp. (AMR.N: Quote, Profile, Research) on Wednesday reported a wider quarterly loss from a year ago as record-high fuel prices and stiff ticket-price competition stung its bottom line.
AMR reported a loss of $387 million, or $2.40 per share in the fourth quarter of 2004, which was up from a loss of $111 million, or 70 cents a share in the same quarter in 2003.
Analysts, on average, expected a loss of $3.12 a share, according to Reuters Estimates.
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Should be even better in 2005 since AMR matched Delta's new fare structure!
advertisement
American Air parent loss widens on high fuel costs
Wed Jan 19, 2005 09:03 AM ET
DALLAS, Jan 19 (Reuters) - American Airlines parent AMR Corp. (AMR.N: Quote, Profile, Research) on Wednesday reported a wider quarterly loss from a year ago as record-high fuel prices and stiff ticket-price competition stung its bottom line.
AMR reported a loss of $387 million, or $2.40 per share in the fourth quarter of 2004, which was up from a loss of $111 million, or 70 cents a share in the same quarter in 2003.
Analysts, on average, expected a loss of $3.12 a share, according to Reuters Estimates.
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Should be even better in 2005 since AMR matched Delta's new fare structure!