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New arena at Will Rogers takes shape


The proposed Will Rogers Memorial Center arena continues to take shape as voters head for a Nov. 4 election to decide whether to approve new taxes to help pay for the $450 million facility.

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Cooking Class: Fort Worth chef brings home the gold

Toques off to Timothy Prefontaine. The executive chef at the iconic Fort Worth Club is currently the best in the nation, according to the American Culinary Federation. Prefontaine earned the title of 2014 U.S.A.’s Chef of the

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Fort Worth-based Woodmont plans $80M Hard Rock Hotel retail center

Woodmont Outlets of Fort Worth, an affiliate of The Woodmont Co., has partnered with Cherokee Nation Businesses for a proposed upscale retail development at Hard Rock Hotel & Casino Tulsa.

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Fort Worth firm 'simplifies' advertising

Reaching customers requires more than price slashing and flashy ads. In today’s competitive marketplace, machines – not men and women – are essential to tapping new markets and

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Trinity Valley School leader to leave in May 2015

Gary Krahn, head of school for the past eight years at Trinity Valley School in Fort Worth, will leave his position in May 2015 when he and his wife Paula will move

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American Airlines posts $220M profit
 
JOSHUA FREED, AP Airlines Writer
 
American Airlines Inc. aims to come roaring back out of bankruptcy protection.
 
It's boosting the amount of flying time it will do this year, and it posted a $220 million profit for the quarter that ended June 30.
 
CEO Tom Horton said in an interview that the airline is still on track to merge with US Airways Group Inc. by the end of September.

It's the first time in six years that American has reported a profit during the April-June quarter. During the same period last year, it lost $241 million, mostly because of bankruptcy related expenses.

Revenue was steady at about $6.45 billion.

AMR Corp., the carrier’s Fort Worth-based parent company, has been operating under bankruptcy protection since late 2011. It has cut the size of its workforce, reduced pay for those who remain, and slashed other expenses. Spending for wages was 18 percent lower than a year ago. Fuel expenses fell 3 percent as the price of fuel dropped. The number of workers fell by almost 7 percent from a year earlier, to 73,000.

American says it will expand flying capacity 1.5 percent this year, not counting increases from the merger with US Airways. The 2013 increase includes a 2.7 percent jump in the third quarter. The latest increase is because of longer average flights, and new flights — or bigger planes — on routes to South Korea, Mexico, and Central and South America.

Other big U.S. airlines have been cautious about growth, with Delta shrinking through the first half of this year. United may shrink almost 2 percent this year.

American's growth plans are "still pretty modest and still in line with the growth opportunities here in the U.S. and around the world," Horton said.

The most recent quarter included $137 million in bankruptcy expenses and special items. Without those it would have earned $357 million.

American said it is making progress in adding a coach section of seats with more legroom, for which it will charge extra. The changes have been made on nearly all of the mainline planes it uses for domestic flights, except for about 5 percent of its Boeing 737s.

Horton said he'll be going to Hamburg, Germany, this week, to take delivery of American's first new Airbus A319. It will be the first time American will have Airbus planes since retiring its last A300 in 2009.

 

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What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?