Join The Discussion

 

Dallas construction firm to oversee Fort Worth projects

A Dallas construction firm has been awarded the Hemphill Street Connector and Village Creek peak flow storage projects in Fort Worth.

read more >

UT Arlington Army ROTC officer named nation's top military science professor

The U.S. Army Cadet Command has named Lt. Col. Lora A. Rimmer, Commander of the Army ROTC “Maverick Battalion” at University of Texas at Arlington, the nation’s Professor of Military Science of the Year.

read more >

McDonald's ordered to pay $27M in deaths of teens

BRYAN, Texas (AP) – A Central Texas jury on Wednesday ordered McDonald's to pay $27 million in actual damages to the families of two teenagers killed in a car accident while en route to a hospital after a fight outside the fast-food restaurant.

read more >

San Antonio joins Fort Worth, other cities in AT&T faster Internet rollout

SAN ANTONIO (AP) — AT&T has announced it will bring faster internet service to the San Antonio area.

read more >

Texas Health Resources names Berdan next CEO

Barclay E. Berdan, chief operating officer for Texas Health Resources, has been named the new CEO of the health system effective Sept. 1.

read more >

 

American reports improved 1Q earnings

AMR's Tom Horton and United's Doug Parker announced a merger in February. Photo by Associated Press

DAVID KOENIG,AP Airlines Writer

 

 


DALLAS (AP) — American Airlines parent AMR Corp. reported a smaller loss for the first quarter than a year ago on slightly higher revenue and much lower labor costs.

AMR said Thursday that it lost $341 million, compared with a loss of $1.66 billion a year earlier.

The nation's third-largest airline said that it would've earned $8 million excluding costs of its bankruptcy restructuring. The first quarter is the weakest of the year for airlines, and this marked AMR's first adjusted profit in the period since 2007.

"A modest first quarter profit shows that we are off and running for the year," CEO Tom Horton said in an interview.

Revenue rose 1 percent to $6.1 billion. Labor costs declined 17 percent as American cut jobs. Horton said the company's bankruptcy restructuring made its costs competitive with other airlines.

AMR is in the process of merging with US Airways and emerging from bankruptcy protection. If antitrust regulators approve the merger, the combined airline will be the biggest in the world.

Once that deal is done, mergers will have reduced eight big U.S. airline companies to four. At the same time, airlines have limited the supply of seats, which helps boost prices. American enjoyed it highest average fare per mile ever in the January-March period.

American's on-time performance improved in the first quarter. But it suffered a setback this week with a computer-systems breakdown that caused massive delays and cancellations Tuesday and Wednesday. Horton took to YouTube to apologize to customers, and blamed the outage on a "software issue." He declined to be much more specific Thursday.

"We do understand the cause of the failure," Horton said. "We're continuing to investigate and do further testing, but we have a high degree of confidence that situation won't recur."


 

< back

Email   email
hide
Training Camp
Training camp is starting this week. How will the Dallas Cowboys do this season?