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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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American reports loss for 4Q

 

DAVID KOENIG, AP Airlines Writer

 

 


DALLAS (AP) — American Airlines reported a $2 billion loss for the fourth quarter because of $2.4 billion in special charges, mostly related to its bankruptcy reorganization and merger with US Airways.

The company said Tuesday that excluding those one-time charges, American and US Airways would have earned a combined profit of $436 million, or 59 cents per share. Analysts, who usually exclude items, were expecting 55 cents per share.

The airlines merged on Dec. 9 as American came out from two years under bankruptcy protection and formed a new company called American Airlines Group Inc., the world's biggest airline operator.

Tuesday's results were the first from the company and were complicated by the timing of the merger, two-thirds into the quarter. Official figures included less than one month of US Airways' operations. The company also gave figures as if the airlines had merged at the beginning of the quarter, and compared those to the separate results of American and US Airways during the same period in 2012.

The combined profit of $436 million, which excluded the one-time restructuring items, compared with a combined loss of $42 million a year earlier.

"The early returns on our merger are very positive," CEO Doug Parker said in a statement. He said the company expected results to improve further in 2014.

American and US Airways will operate as separate airlines with their own fleets and reservations systems for up to two years before phasing out the US Airways brand.

In early afternoon trading, the company's shares were up $1.32 to $31.50.


 

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