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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

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Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Fort Worth temporarily stops issuing new home permits in TCU area

The moratorium will give a committee and the City Council time to review a proposed overlay that will pare the number of permissible unrelated adults living in the same house.

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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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